Alfredo and Beloe decide to form a partnership. From their own businesses of personal assets they contribute the Sllowing assets which are shown at book value: ->>>>>> A contribute BALANCE SHEST of Mr. Abalore formin Parthstolp Cash 13,000 A-Pay $20,000 -Rec 17,500 N-Pay 20,000 llowDoubtful Accounts 3,000 14,500 mv 26,500 Equipment 45,000 -24,000 co-Depr 21,000 A. Capital 35,000 Total Assets 75,000 Total Liab + Equity 575,000 B contributsu: BALANCE SHEET of Mr. L belars forming Partnership $18,000 A-Pay $2,000 Cash OFFICE SUPPLIES 5,000 B, Capital Total Liab + Equity 19,000 531,000 Total Assets $21,000 a. A's and B's agree that the FMV of the store equipment is $25,000, inventory is $28,000, net receivables is $13,000, and B's olles supplles Is $3,000. (1) Record separate entries for each partner using the above data. Start a newest of booles (2) Prepare a balanca cheat for the partnership after the above entries are made. (3) *** What would A's entry be if they agreed $10,000 goodwill related to A's business 1. Re-do (1) but use Abe's extra bool for the partnership. non vesting Run On Prepare foumal Alfredo and Beloe decide to form a partnership. From their own businesses of personal assets they contribute the Sllowing assets which are shown at book value: ->>>>>> A contribute BALANCE SHEST of Mr. Abalore formin Parthstolp Cash 13,000 A-Pay $20,000 -Rec 17,500 N-Pay 20,000 llowDoubtful Accounts 3,000 14,500 mv 26,500 Equipment 45,000 -24,000 co-Depr 21,000 A. Capital 35,000 Total Assets 75,000 Total Liab + Equity 575,000 B contributsu: BALANCE SHEET of Mr. L belars forming Partnership $18,000 A-Pay $2,000 Cash OFFICE SUPPLIES 5,000 B, Capital Total Liab + Equity 19,000 531,000 Total Assets $21,000 a. A's and B's agree that the FMV of the store equipment is $25,000, inventory is $28,000, net receivables is $13,000, and B's olles supplles Is $3,000. (1) Record separate entries for each partner using the above data. Start a newest of booles (2) Prepare a balanca cheat for the partnership after the above entries are made. (3) *** What would A's entry be if they agreed $10,000 goodwill related to A's business 1. Re-do (1) but use Abe's extra bool for the partnership. non vesting Run On Prepare foumal