Holly renfro contributed a patent, accounts receivable, and $20,000 cash to partnership. the patent had a book value of $8,000. however, the technology covered by the patent appeared to have significant market potential. thus, the patent was appraised at $92,000. the accounts receivable control account was $45,000, with an allowance for doubtful accounts of $3,000. the partnership also assumed a $14,000 account payable owed to a renfro supplier. provide the journal entry for renfro's contribution to the partenership.