Linda King contributes the following items to her newly formed partnership: cash, $575; Equipment, $1,400; Accounts paya
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Linda King contributes the following items to her newly formed partnership: cash, $575; Equipment, $1,400; Accounts paya
Linda King contributes the following items to her newly formedpartnership: cash, $575; Equipment, $1,400; Accounts payable, $100;and Inventory, $500. Required: Prepare the journal entry to recordher contribution on September 1, 2021: