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2. Prepare a balance sheet as of April 1, 20Y1, the date of formation of the partnership of Lang and Capri. Lang and Capri Balance

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2. Prepare a balance sheet as of April 1, 20Y1, the date of formation of the partnership of Lang and Capri. Lang and Capri Balance Sheet April 1,20Y1 Assets Current assets: Cash Accounts Recelvable Less Allowance for Doubtful Accounts Merchandise Inventory Total current assets Property, plant, and equipment: Equipment Total assets Liabilities Current llabilities: Accounts Payable Notes Payable Total liabilities 2. Prepare a balance sheet as of April 1, 20Y1, the date of formation of the partnership of Lang and Capri. Lang and Capri Balance Sheet April 1,20Y1 Assets Current assets: Cash Accounts Recelvable Less Allowance for Doubtful Accounts Merchandise Inventory Total current assets Property, plant, and equipment: Equipment Total assets Liabilities Current llabilities: Accounts Payable Notes Payable Total liabilities

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