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Requirements 1. Journalize the contributions of Douglas and Geringer to the partnership. 2. Prepare the...

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Requirements 1. Journalize the contributions of Douglas and Geringer to the partnership. 2. Prepare the partnership balance sheet at December 31, 2018 PrintI Done nd then click Check Answer Clear All Data Table 0 7,000 S 7,0005 6,000-s 6,000'-- Accounts Receivable Merchandise Inventory Plant Assets, Net Total Assets Liabilities and Owner's equity Accounts Payabie Other Accrued Payables Notes Payable Douglas, Capital Geringer Capital Total Liabilities and Owner's Equity 25,00023,00010,0008,000 36,000 36,000 49,00053,000 $205,000 $179,000 $ 101,000 $ 103,000 56.000 117.000 50,000 99,000 31.000 S31,000S 18,000 S 18,000 9,000 56,000 109,000 9,000 56,000 83,000 205,000 $179,000 101,000 $ 103,000 On December 31, 2018, Douglas and Geringer agree to combine their sole proprietorships into a partnership. Their balance sheets on Decermber 31 are shown as follows: EEB(Click the icon to view the balance sheets ) Read the requirements. Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then click Check

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