Hannah Freeman and Hugo Hernandez form a partnership by combining assets of their former business the following balance sheet information is provided by Freemans sole proprietorship and analysis of the accounts receivable indicated that allowances for doubtful accounts should increase to 7300 generalize the partners entries for Freemans investments of amount box does not require an entry leave it blank

(values are in picture thank you!)

Recording Partner's Original Investment Hannah Freeman and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Cash Accounts receivable Less: Allowance for doubtful accounts Land Equipment Balance Sheet June 1, 2013 Less: Accumulated depreciation-equipment Total assets Accounts payable Notes payable) Hannah Freeman, capital $45,900 $86,300 5,000 81,300 207,000 $80,000 49,600 30,400 $364,000 $25,700 74,500 264,400 $364,600 Total liabilities and owner's equity Freeman obtained appraised values for the land and equipment as follows Land Equipment $288,000 23,700 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $7,300