Book Show Me How Calculator Partnership Opening Entries Instructions Chart of Accounts General Journal Instructions On July 1, 20--. Lisa Bush and Wally Dodge combined their two businesses to form a partnership under the firm name of Bush and Dodge. The balance sheets of the two sole proprietorships are shown below Bush's Grooming & Pet Supplies Balance Sheet June 30, 20 - Liabilities Assets $3,600.00 1 $4,600.00 Notes payable 7,690.00 2 Cash $4,200.00 Accounts payable 3 Accounts receivable 480.00 3,720.00 Total liabilities 4 Less allowance for bad debts 28,580.00 Owner's Equity 5 Merchandise inventory $9,260.00 6 Store equipment 2,400.00 6,860.00 Lisa Bush, capital 7 Less accumulated depreciation $43,760.00 Total liabilities and owner's equity 8 Total assets > Previous Next Submit Assignment for Grading Partnership Opening Entries Instructions Chart of Accounts General Journal Instructions A On July 1, 20. Lisa Bush and Wally Dodge combined their two businesses to form a partnership under the firm name of Bush and Dodge. The balance sheets of the two sole proprietorships are shown below. Bush's Grooming & Pet Supplies Balance Sheet June 30, 20 - Liabilities Assets $3,600.0 76900 $4,600.00 Notes payable Accounts payable 2 Cash $4,200.00 3 Accounts receivable 480.00 3,720.00 Total liabilities 4 Less allowance for bad debts 28,580.00 Owner's Equity 5 Merchandise inventory $9.260.00 2.400.00 6,860.00 Lisa Bush, capital 6 Store equipment 7 Less accumulated depreciation $43,760.00 Total liabilities and owner's equity 8 Total assets Wally's Pet World Next Previous Submit Assignment for Grading Save and Exit Email Instructor Check My Work 11:00 PM 6/14/2020 All work saved. Instructions Chart of Accounts General Journal Instructions Wally's Pet World Balance Sheet June 30, 20 - Liabilities 1 Assets $6,000.0 $3,350.00 Notes payable 2 Cash 5,500.0 $4,150.00 Accounts payable 3 Accounts receivable 250.00 3,900.00 Total liabilities 4 Less allowance for bad debts 27,240.00 5 Merchandise inventory 845.00 6 Supplies $8.830.00 7 Office equipment 3,400.00 5,430.00 8 Less accumulated depreciation Owner's Equity $9,175.00 9 Store equipment 10 Less accumulated depreciation 4,250.00 4,925.00 Wally Dodge, capital $45,690.00 Total liabilities and owner's equity 11 Total assets The balance sheets reflect fair market values except for the following: (a) The fair market value of Bush's store equipment is $7.350.