Question: How do I create an opening Balance sheet with the following transactions for a new partnership? 1. Alva contributes cash $50.00 and land with FMV

How do I create an opening Balance sheet with the following transactions for a new partnership?

1. Alva contributes cash $50.00 and land with FMV of $200. Todd contributes a note to partnership for $50 payable in 5 years at the AFR, a note owed to him and equipment with a basis of $75 and FMV of $100?

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