Journalize the entries to record marys investment

Reference no: EM131912875

Problem

Mary Hartmann, sole proprietor of a hardware business, decides to form a partnership with Ned Isaacs. Mary's accounts are as follows: Ned agrees to contribute $70,000 for a 20% interest. Journalize the entries to record (a) Mary's investment and (b) Ned's investment.

Reference no: EM131912875

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