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Calculator Recording partner's original investment Instructions Chart of Accounts Journal Instructions Hannah Freeman and Hugo Hernandez forma partnership by combining assets of their former businesses.

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Calculator Recording partner's original investment Instructions Chart of Accounts Journal Instructions Hannah Freeman and Hugo Hernandez forma partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship Hannah Freeman Proprietorship Balance Sheet June 1, 2013 1 Cash 573.180.00 2 Accounts receivable $125,500.00 2.210.00 Less lowance for double accounts 116.290.00 206 26000 Equipment $75,340.00 s umulated precationement 40.170.00 55,170.00 1 Total assets 5430.900.00 counts payable Notes payable $24760.00 89.140.00 Cuck My Work more Check My Workestering Next 2 All work saved Email instructor Submit test for Grading Calculator Recording partner's original investment Instructions Chart of Accounts Journal Instructions 7 Total assets 5450,900.00 Accounts payable $24.760.00 89.140.00 Notes payable 10 Hannah Freeman, capital 11 Total liabilities and owner's equity 517.000.00 $450.900.00 Freeman obtained appraised values for the land and equipment as follows Land $311,950 Equipment 32.685 An analysis of the accounts receivabile indicated that the allowance for doubtful accounts should be increased to $9,310 On December 31, joumare the partnership's entry for Freeman's investment. Refer to the Chart of Accounts for exact wording of accounts Check My Work 1 more Check My Works remaining Next > All work saved Email Instructor Submit Test for Grading 417 PM

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