Alaa and Karim form a partnership by combining the assets of their separate businesses. Alaa contributes accounts receivable with a face amount of $50,000 and equipment with a cost of $180,000 and accumulated depreciation of $100,000. The partners agree that the equipment is to be priced at $68,000, that $3,500 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,000 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Karim contributes cash of $21,000 and merchandise inventory of $44,500. The partners agree that the merchandise inventory is to be priced at $48,000. Based on the contributions of Alaa and Karim, the balance of Alaa's Capital account will be: O a. $116,000 O b. $112,500 O c. $116,500 Od. $114,500

Noa and Karim form a parinershio by combining the assets of their soporate businessos. Naa contributes occounts receivable with a face equipment is to be piced of $68,000, that $3,500 of the occounis recolvoble cre completely wortiless and are not to be cccepted by the parnorhip, and that $2.000 is a reasonoble allowance for the uncolectibrity of the temoining accounts receivable. Katim contributes cash of $21,000 and merchandise hventory of \$44,500. The partnens opree that the merchandise inventory is to be priced at \$48,000. Baved on the contributions of Alac and Katim, the bolarve of Aloos Copital occount will be: a. $116000 b. $112,500 c. $116,500 d. $114500