Question: Question 4 1.5 points Save Answer Ameera and Batool organize a partnership on January 1. Ameera's initial net investment is $150,000, consisting of cash
Question 4 1.5 points Save Answer Ameera and Batool organize a partnership on January 1. Ameera's initial net investment is $150,000, consisting of cash ($35,000), equipment ($165,000), and a note payable reflecting a bank loan for the new business ($50,000). Batool's initial investment is cash of $62,500. Prepare journal entry to record Ameera's investment. O Cash Cash Dr 200,000 Ameera's Capital Cr 200,000 Dr 35,000 Equipment Dr 165,000 Loan Payable Cr 50,000 Ameera's Capital Cr 150,000 Dr 35,000 O Cash Equipment Dr 165,000 Ameera's Capital O Cash Dr 62,500 Ameera's capital Cr 62,500 Cr 200,000
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