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rtnership Opening Entries equired: re the entry for (a.) Susan Woodworth's and (b.) Barbara Holly's...

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Accounting

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rtnership Opening Entries equired: re the entry for (a.) Susan Woodworth's and (b.) Barbara Holly's contributions to form the Woodworth and Holly partnership as of July 1, o-, using fair market values. The difference between assets invested and liabilities assumed should be credited to each partner's capital ccount. Neither partner has knowledge of any uncollectible accounts receivable. If an amount box does not require an entry, leave it blank. On July 1, 20, Susan Woodworth and Barbara Hoily combined th ir two businesses to form a partnership under the firm name of Woodworth and Holly. The balance sheets of the two sole proprietorships are shown below

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