i need help with this accounting data entry. please see the attachment

Problem 12-1A The post-closing trial balances of two proprietorships on January 1, 2014, are presented below. Sorensen Company Dr. Cash Lucas Company Cr. Dr. $14,220 Accounts receivable 17,220 Allowance for doubtful accounts 26,260 $2,520 Inventory $4,030 26,670 Equipment Cr. $11,530 18,040 44,570 29,390 Accumulated depreciationequipment 23,670 11,370 Notes payable 18,140 15,040 Accounts payable 21,980 31,180 Sorensen, capital 36,370 Lucas, capital 23,600 $102,680 $102,680 $85,220 $85,220 Sorensen and Lucas decide to form a partnership, Solu Company, with the following agreed upon valuations for noncash assets. Sorensen Company Accounts receivable Allowance for doubtful accounts Lucas Company $17,220 $26,260 4,200 4,250 Inventory 28,440 20,420 Equipment 25,330 16,230 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Further, it is agreed that Sorensen will invest an additional $4,580 in cash, and Lucas will invest an additional $21,500 in cash. (a) Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation . 1. (Transfer of Sorensen's assets and liabilities.) 2. Debit Credit (Transfer of Lucas' assets and liabilities.) (b) Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation . Debit Credit 1. (To record Sorensen's investment.) 2. (To record Lucas' investment.) LINK TO TEXT Prepare a classified balance sheet for the partnership on January 1, 2014. (List Current Assets in order of liquidity.) SOLU COMPANY Balance Sheet January 1, 2014 Assets $ $ : $ Liabilities and Owners' Equity $ $ $ Problem 12-2A At the end of its first year of operations on December 31, 2014, NBS Company's accounts show the following. Partner Art Niensted Drawings Capital $22,550 $48,790 Greg Bolen 13,730 34,990 Krista Sayler 11,900 26,130 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2014 has not been closed to the partners' capital accounts. Journalize the entry to record the division of net income for the year 2014 under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) (2) (3) Net income is $30,710. Income is shared 6 : 3 : 1. Net income is $40,750. Niensted and Bolen are given salary allowances of $14,860 and $10,170, respectively. The remainder is shared equally. Net income is $19,020. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $14,239 salary allowance. The remainder is shared equally. No Account Titles and Explanation . 1. 2. 3. Debit Credit LINK TO TEXT Prepare a schedule showing the division of net income under assumption (3) above. (If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, e.g. -15,000, (15,000).) DIVISION OF NET INCOME Greg Bolen Art Niensted Krista Sayler Total $ $ Salary allowance Interest allowance on capital Total salaries and interest Remaining deficiency Total division of net income $ $ $ $ LINK TO TEXT Prepare a partners' capital statement for the year under assumption (3) above. (List items that increase partners capital first.) NBS COMPANY Partners' Capital Statement For the Year Ended December 31, 2014 Art Niensted Greg Bolen Krista Sayler Total $ $ $ $ $ $ $ : : $ Problem 12-4A At April 30, partners' capital balances in PDL Company are: G. Donley $49,200, C. Lamar $48,600, and J. Pinkston $20,500. The income sharing ratios are 5 : 4 : 1, respectively. On May 1, the PDLT Company is formed by admitting J. Terrell to the firm as a partner. Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) (2) (3) (4) Terrell Terrell Terrell Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $15,160 in cash. purchases 331/3% of Lamar's ownership interest by paying Lamar $15,630 in cash. invests $62,200 for a 30% ownership interest, and bonuses are given to the old partners. invests $43,200 for a 30% ownership interest, which includes a bonus to the new partner. No Account Titles and Explanation . 1. 2. 3. 4. Debit Credit LINK TO TEXT Lamar's capital balance is $37,160 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were Terrell's cash investment and the bonus to the new partner? $ Terrell's cash investment $ Bonus to new partner Problem 12-5A On December 31, the capital balances and income ratios in TEP Company are as follows. Partner Capital Balance Trayer Income Ratio $59,261 50% Emig 39,202 30% Posada 25,520 20% Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) (2) (3) (4) Each of the continuing partners agrees to pay $19,090 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. Emig agrees to purchase Posada's ownership interest for $24,898 cash. Posada is paid $29,992 from partnership assets, which includes a bonus to the retiring partner. Posada is paid $16,512 from partnership assets, and bonuses to the remaining partners are recognized. No Account Titles and Explanation . 1. 2. 3. Debit Credit 4. LINK TO TEXT If Emig's capital balance after Posada's withdrawal is $42,790, what were the total bonus to the remaining partners and the cash paid by the partnership to Posada? $ Total bonus $ Cash paid to Posada