Question: The note payable is associated with the building and the partnership w sociated with the building and the partnership will assume responsibili for the loan.

The note payable is associated with the building and the partnership w sociated with the building and the partnership will assume responsibili for the loan. Wolf invested $60.000 in cash and $105.000 in equipment in the new partnersh are the journal enines to record the two artners^ prime original investments in the new partnership.

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