Preston Caswell and Jayne Cook, both CPAs, began their new partnership by each contributing $40,000 to their business. Indicate the effects of this transaction on the financial statements.

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The Answer of Preston Caswell and Jayne Cook, both CPAs, began their new partnership by each contributing $40,000 to their business. Indicate the effects of this transaction on the financial statements.

Preston Caswell and Jayne Cook, Both CPAs, Began Their New