Please show all work

Problem D-1A Recording partnership formation LO P1 Mike Derr and Mark Finger form a partnership by combining assets of their separate businesses. The following balance sheet information is provided by Derr from his sole proprietorship. $5,300 3.900 9,200 Cash Supplies Equipnent Least Accumulated depreciation Equip. Land Total assets 1,800 Accounts payable 3,800 Notes payable $15,000 Total liabilities 0-2, 800 4.800. Derr, Capital 4,000 S13,200 Total liabilities and equity $13,200 The new partners obtain appraised values and agree to accept the book values for Derr's assets and liabilities except for the following: Equipment is valued at $5,800, and land is worth $8,800. Required Prepare the partnership's journal entry to record Derr's investment. View transaction list Journal entry worksheet Record investment of Derr. Note: Enter debits before credits Transaction General Journal DebitCredit Problem D-1A Recording partnership formation LO P1 Mike Derr and Mark Finger form a partnership by combining assets of their separate businesses. The following balance sheet information is provided by Derr from his sole proprietorship. $5,300 3.900 9,200 Cash Supplies Equipnent Least Accumulated depreciation Equip. Land Total assets 1,800 Accounts payable 3,800 Notes payable $15,000 Total liabilities 0-2, 800 4.800. Derr, Capital 4,000 S13,200 Total liabilities and equity $13,200 The new partners obtain appraised values and agree to accept the book values for Derr's assets and liabilities except for the following: Equipment is valued at $5,800, and land is worth $8,800. Required Prepare the partnership's journal entry to record Derr's investment. View transaction list Journal entry worksheet Record investment of Derr. Note: Enter debits before credits Transaction General Journal DebitCredit