Question: On October 1 , A . Wiggins and K . Hayes agreed to start a partnership. Wiggins is contributing $ 7 5 , 0 0

On October 1, A. Wiggins and K. Hayes agreed to start a partnership. Wiggins is contributing
$75,000 of personal cash and supplies that originally cost $10,000 but have a current market
value of $8,000. Hayes transfers to the partnership equipment with a book value of $15,000
and current market value of $28,000.
Instructions: Prepare the journal entries to record each of the partners' investments.
On October 1, A. Wiggins and K. Hayes agreed to start

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