Recording Partner's Original Investment Kimberly Payne and Arionna Maples decide to form a partnership by combining the assets of their separate businesses. Payne contributes the following assets to the partnership: cash, $13,010; accounts receivable with a face amount of $136,610 and an allowance for doubtful accounts of $4,930; merchandise inventory with a cost of $79,510; and equipment with a cost of $177,540 and accumulated depreciation of $115,400. The partners agree that $6,010 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $10,250 is a reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price of $74,740, and that the equipment is to be valued at $78,300. Journalize the partnership’s entry to record Payne’s investment. For a compound transaction, if an amount box does not require an entry, leave it blank.