CALCULATOR PULL SCREEN PRINTER VERSION RACK NEXT Exercise 12-03 Sury Vopat has owned and operated a proprietorship for several years. On January 1, she decdes to terminate this business and become a partner in the firm of Vapat and Sigma, Vopat's Investment in the partnership consists of $11,800 in cash, and the following assets of the proprietorship: accounts receivable $14,100 less allowance for doubtful accounts of $1,500, and equipment $20,200 less accumulated depreciation of $4,500. It is agreed that the allowance for doubt accounts should be $2,250 for the partnership. The fair value of the equipment is $13,400 Journalite Vepat's admission to the firm of Vopat and Sigma (Credit account titles are automatically indented when amount du entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit