Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton...
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Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivable with a face amount of $ and equipment with a cost of $ and accumulated depreciation of $ The partners agree that the equipment is to be valued at $ that $ of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $ is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Fallows contributes cash of $ and merchandise inventory of $ The partners agree that the merchandise inventory is to be valued at $ Journalize the entries to record in the partnership accounts a Barton's investment and b Fallows' investment. If an amount box does not require an entry, leave it blank. a b 
Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivable with a face amount of $ and equipment with a cost of $ and accumulated depreciation of $ The partners agree that the equipment is to be valued at $ that $ of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $ is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Fallows contributes cash of $ and merchandise inventory of $ The partners agree that the merchandise inventory is to be valued at $
Journalize the entries to record in the partnership accounts a Barton's investment and b Fallows' investment. If an amount box does not require an entry, leave it blank.
a
b
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