14,002} Allowance for douhiful account $ 3,000 $ 4,400 Equipment 40,000 29,000 Note: payable 13,000 15,000 Patrick, I 36,000 $ 103,000 $ 103,000 $ 85,400 $ 35,45} Patrick and Samuebon decide to form a partnership, Pasa Compmw, with the followll'Ig agreed upon valuations for nomash assets. Patrick Cempamr Samuelson Company Him-lance for doubld account 4500 4,000 mulpment 23,000 16,000 All cash will he transferred in theparhlersi'llp, and the paa'tnership will assume all 1eiiahllies of the two proprietorshlps. Further, it Is agreed that Pah'itkwill irwest an acidional $5,030 In cash, and Samuelson will invest an addlonai $19,001ln cash. lnsh'uctions: a. Prepare sepantejoumal mulestorecordleh'ansier ofeach proprietorshlp'sassels and liabilities to the parll'lemhha. Cash 53 14,030 Amnt Reeeivable 1?,500 Merchandise Inventory 28,000 Equipment $ 23.000 Nutea Payable $ 13,000 mm Payable 22,000 Niowame for Doubtful Amnt 4,500 mick, Capital $ 33,000