Dave Kwan and Emma yin decide to form a general partnership to begin on January 1 2023. Each partner is contributing $22250 equity. Dave contributed a computer worth $3000 and $27000 cash, while Emma contributed office equipment worth $2000 plus $12500 cash. What would be included in the journal entry to record the formation of the partnership?

Sep 8, 2023

Dave Kwan and Emma yin decide to form a general partnership to begin on January 1 2023. Each partner is contributing $22250 equity. Dave contributed a computer worth $3000 and $27000 cash, while Emma contributed office equipment worth $2000 plus $12500 cash. 

What would be included in the journal entry to record the formation of the partnership?

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Dave Kwan and Emma yin decide to form a general partnership to begin on January 1 2023. Each partner is contributing $22250 equity. Dave contributed a computer worth $3000 and $27000 cash, while Emma contributed office equipment worth $2000 plus $12500 cash. What would be included in the journal entry to record the formation of the partnership?
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