Question: M . Brian and S . Collier combine their individual sole proprietorships to start the Brian - Collier partnership. M . Brian and Collier invest

M. Brian and S. Collier combine their individual sole proprietorships to start the Brian-Collier partnership. M. Brian and Collier invest in the partnership as follows
Book Value Fair Value
Brian Collier Brian Collier
Cash $20700 $5600207005600
Account receivables 110005800110005800
Allowance for doubful accounts (1300)(630)(2090)(820)
Equipment 1480023500133008600
Accumulated Depreciation (3200)(8100)
The entries to record the investment will include a credit to:
o Collier, Capital of $19180.
o Collier, Capital of $25980.
o Brian, Capital of $42000.
o Brian, Capital of $43300.

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