Question: Dave Krug contributed $ 2 , 6 0 0 cash along with inventory and land to a new partnership. The inventory had a market value
Dave Krug contributed $ cash along with inventory and land to a new partnership. The inventory had a market value of $ The land had a market value of $ The partnership also accepted a $ note payable owed by Krug to a creditor.
Prepare the partnership's journal entry to record Krug's investment.
Journal entry worksheet
A
Record the investment of Krug.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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