Question: Angela Moss and Autumn Barber organize a partnership on Jan 1. Moss's initial net investment is $75,000, consisting of cash ($17,500), equipment ($82,500), and

initial net investment is $75,000, consisting of cash ($17,500), equipment ($82,500), and

Angela Moss and Autumn Barber organize a partnership on Jan 1. Moss's initial net investment is $75,000, consisting of cash ($17,500), equipment ($82,500), and a note payable reflecting a bank loan for Lhe new business ($25,000). Barber's initial investment is cash of $31 ,250. These amounts are the values agreed on by both partners. Prepare a journal entries 10 record (a) Moss's investment (b) Barber' s investment

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