Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $$49,000$

and equipment with a cost of $$181,000$ and accumulated depreciation of $$98,000.$ The partners agree that the equipment is to be valued at $$67,500,$ that

$$3,000$ of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $$1,700$ is a reasonable allowance for the

uncollectibility of the remaining accounts receivable. Tim contributes cash of $$21,000$ and inventory of $$45,000.$ The partners agree that the inventory is to be

valued at $$48,500.$

Journalize the entries in the partnership accounts for $($a$)$ Jesse's investment and $($b$)$ Tim's investment. If an amount box does not require an entry, leave it

blank.

a$.$

b$.$

$.$