Bloom and plant organize a partnership on january 1. bloom's initial investment consists of $800 cash, $1,700 equipment and a $500 note payable reflecting a bank loan for the new business. plant's initial investment is cash of $2,000. these amounts are the values agreed on by both partners. the journal entry to record plant's investment is:
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Bloom and plant organize a partnership on january 1. bloom's initial investment consists of $800 cas...
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