I need help with filling out the Partners balance sheet based on the image of my provided spreadsheets Partner APartner B|Cr$ 13,000.00$ 16,000.00Dr$11,000.00DrCrCashАcс. Rec|$ 24,000.00Allowance for doubtful accts.$ 2,800.00$ 4,000.00$ 24,500.00$41,000.00$ 16,900.00$27,000.00InventoryEquipmentAccum. Depr.-EquipNotes PayableAccts PayablePartner A Capital$ 22,100.00$ 16,600.00$ 20,200.00$ 32,800.00$ 10,100.00$ 13,800.00$ 28,500.00$22,500.00$78,900.00 | $78,900.00Partner B Capital$94,500.00 $94,500.00Partner A and Partner B decide to form a partnership,with the following agreed upon valuations for noncash assets.Partner APartner BАcс. Rec$16,000.002$24,000.00Allowance for doubtful accts.4,100.003,700.00Inventory2425,800.002$18,400.00Equipment23,000.0013,800.00All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Date Account Titles and Explanation DebitCredit1-Jan CashAccounts RecieveableEquipmentInventoryAccumulated Depreciation - EquAllowance for Doubtful AccountsNotes PayableAccounts Payable(Transfer of Parnter A assets and liabilities.)Date Account Titles and Explanation DebitCredit1-Jan CashAccounts RecieveableEquipmentInventoryAccumulated Depreciation - EquAllowance for Doubtful AccountsNotes PayableAccounts Payable(Transfer of Parnter B assets and liabilities.)

The question is related to Partnership Accounting. Two partners transfer the assets to the…

Partner A Partner B Dr Cr Dr Cr Cash $ 13,000.00 $11,000.00 Аcс. Rec $16,000.00 $ 24,000.00 Allowance for doubtful accts. $ 2,800.00 $ 4,000.00 $ 16,900.00 $ 27,000.00 Inventory $24,500.00 Equipment $ 41,000.00 Accum. Depr.-Equip $22,100.00 $ 16,600.00 $ 20,200.00 | $32,800.00 $ 10,100.00 $ 13,800.00 $ 28,500.00 Notes Payable Accts Payable Partner A Capital Partner B Capital $22,500.00 $78,900.00 $ 78,900.00 $94,500.00 | $94,500.00 Partner A and Partner B decide to form a partnership, with the following agreed upon valuations for noncash assets. Partner A Partner B Аcс. Rec $ $ 16,000.00 2$ 24,000.00 Allowance for doubtful accts. 4,100.00 2$ 3,700.00 18,400.00 Inventory 24 25,800.00 Equipment 23,000.00 2$ 13,800.00 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships.

Partner A Partner B Dr Cr Dr Cr Cash $ 13,000.00 $11,000.00 Аcс. Rec $16,000.00 $ 24,000.00 Allowance for doubtful accts. $ 2,800.00 $ 4,000.00 $ 16,900.00 $ 27,000.00 Inventory $24,500.00 Equipment $ 41,000.00 Accum. Depr.-Equip $22,100.00 $ 16,600.00 $ 20,200.00 | $32,800.00 $ 10,100.00 $ 13,800.00 $ 28,500.00 Notes Payable Accts Payable Partner A Capital Partner B Capital $22,500.00 $78,900.00 $ 78,900.00 $94,500.00 | $94,500.00 Partner A and Partner B decide to form a partnership, with the following agreed upon valuations for noncash assets. Partner A Partner B Аcс. Rec $ $ 16,000.00 2$ 24,000.00 Allowance for doubtful accts. 4,100.00 2$ 3,700.00 18,400.00 Inventory 24 25,800.00 Equipment 23,000.00 2$ 13,800.00 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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