PRINTER VERSION BACK NEXT ES Exercise 12-2 (Part Level Submission) K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $46,660 of personal cash to the partnership. Rosen owns land worth $15,680 and a small building worth $84,830, which she transfers to the partnership. Toso transfers to the partnership cash of $12,100, accounts receivable of $32,460 and equipment worth $14,090. The partnership expects to collect $29,214 of the accounts receivable. (a) Your answer is correct. dy Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash $46,660 Account Titles and Explanation Debit Credit Cash $46,660 Decker, Capital $46,660 (To record investment of Decker.) Land $15,680 Buildings $84,830 Rosen, Capital $100,510 (To record investment of Rosen.) Cash $12,100 Accounts Receivable $32,460 Equipment $14,090 Allowance for Doubtful Accounts $3,246 Toso, Capital $55,404 PR Toso, Capital $55,404 RESOURCES ork (To record investment of Toso.) Click if you would like to show Work for this question: Open Show Work -2 (Part ssion) 5 (Part ssion) 2A (Part ssion) SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXERCISE s by Study Attempts: 1 of 3 used (b) What amount would be reported as total owners' equity immediately after the investments? Total owners' equity $ Click if you would like to show Work for this question: Open Show Work Attempts: 0 of 3 used SAVE