Prepare journal entries to record the capital contributed, Other Subject

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Prepare journal entries to record the capital contributed

Problem: Capital Contributions of a partnership are as follows: Partner Contribution Description Agreed Value James Cross Cash $15,000 $15,000 AUD Leona Riley Cash $10,000 Computer equipment $5,000 $15,000 AUD Brady Chan Cash $15,000 $15,000 AUD

I need to prepare the journal entries to record the capital contributed by the partners. I need to have 3 separate journals to account for each of the contributions from the partners.

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