Vanessa Kaiser and Mariah Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $25,800; accounts receivable with a face amount of $187,600 and an allowance for doubtful accounts of $5,400; merchandise inventory with a cost of $118,900; and equipment with a cost of $175,800 and accumulated depreciation of $58,200. The partners agree that $6,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $5,700 is = reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price $131,400, and that the equipment is to be valued at $104,900. Required:
Journalize the partnership's entry to record Kaiser's investment.

Date    Accounts title and Explanation               Debit         Credit

           Cash                                                         $25,800

           Account receivables(187,600-6,000)    $182,200

           Merchandise Inventory                           $118,900

           Equipment                                                $104,900

                   Allowance for Doubtful Accounts                        $5,700

                   Kaiser, Capital                                                       $426,100

           (To record Kaiser Investment in Partnership Entity)  

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.