Question: Hi I need help on what is the answer to this problems? Below is the question and other concerns will be in the comment section

Hi I need help on what is the answer to this problems? Below is the question and other concerns will be in the comment section. I hope you can help me and surely I will give you full positive feedback.

Hi I need help on what is the answer to thisHi I need help on what is the answer to this
Name: No: Section: Subject: Date: Problem : Mr. PAC and Mur. man have business but decided to join the resources and form a partnership on January 1, 2018 . The post closing Balance of the two w/ the corresponding adjustments , Agreement : Partnership will acquire the assets and assume liabilities with the Following: MR . PAC MR. MAN Accounts Receivable ( net ) 56, 000 Furniture $ Fixture 80, 006 4, 800 Merchandise inventory 132, 800 Goodwill 40, 000 32,000 REQUIRED : Prepare the Journal Entries OF Pac and Man and the partnership assuming that: a. ) Mr. Pac's books will be used by the partnership b. ) A new set of books will be opened by the partnershipName: Section: Subject: No: Date: Trial Balance of Mr the & Mr. Man MR . PAC Mr. Man Post Trial Balance January 1, 2018 post trial Balance January 1, 2018 cash 19,000 Cash 4.800 Accts. Receivable 57, 600 Hocks Receivable 72, 000 Merchandise Inventory 124, 800 Merchandise Inventory 192, 000 Delivery Equipment 19, 200 Delivery tquipment 48, 000 Furniture & Fixtures 149,000 Furniture & Fixtures 96, 000 Prepaid Insurance 9, 800 Prepaid Insurance 3, 200 Acct. Payable 104,000 Accts. Payable 64, 006 Accrued taxes 6, 400 Notes Payable 40,060 Accu . Dep. Delivery 12, 860 Accrued Taxes 8,000 do, too Accu. Dep. Fix 80,006 Allow For baddelots 161, 600 Accu. Dep. Delivery 8,000 Mr . Pac, Capital total $ 364, 800 # 364, ROO Accu . Dep. Fix 88, 000 Mr. Man, Capital 195, 200 total # 416,000 # 416, 000

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