Question: Hennery Dorus 06/11/22843 PM This question: & pop Submit Nancy Freeley has been operating an apartment-locator service as a sole proprietorship. She and Melissa

Hennery Dorus 06/11/22843 PM This question: & pop Submit Nancy Freeley has

Hennery Dorus 06/11/22843 PM This question: & pop Submit Nancy Freeley has been operating an apartment-locator service as a sole proprietorship. She and Melissa Magnus have decided to form a partnership Freeley's con comits of Cash $300, Acts Rec $12,000, Furniture, $13,000, Building (net), $55,000, and Notes Payable, $19,000 To determine Freeley's equity in the partnership, she and Magnus hire an independent appraiser. The appraiser values all the assets and labies at the book vake, except the building, which has an a $92.000. Also, there are additional Accounts Payable of $8,000 that Freeley will contribute. Magnus will contribute cash equal to Freeley's equity in the partnership Read the requirements CALD Requirement 1. Journalize the entry on the partnership books to record Freeley's contribution (Record debits first, then credits. Select the explanation on the last line of the journal entry table Date Accounts and Explanation Debit Credit Fram Goidelines Your Webcam Chat Support Timing an Minimize Recordin

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