Hi

Please refer attached

Building Capital - John H Accounts Receivables Blank orecedraft Inverconey 7 000 500 14000 Capital - Jonah Less accumulated dep. 10 00 Land 70 020 For the purpose of amalgamation, the following fair values were agreed upon in the books of John mod Jonah Enterprises. The remaining assets and liabilities are to be taken over at book value. John Tee Enterprises Jonah Enterprises Accounts Receivables 6 300 R. 600 Inventories 1 1 090 6 500 Land Building 73 000 Agreed value of the business 87 000 Required: repare the journal entries to record the formation of the partnership business. Narrations not required