ming resource fr On July 1, 20-, Lisa Bush and Wally Dodge combined their two businesses to form a partnership under the firm name of Bush and Dodge. The balance heets of the two sole proprietorships are shown below. Bush's Grooming & Pet Supplies Balance Sheet June 30, 20- 1 Assets Liabilities 2 Cash $4,600.00 Notes payable 3 Accounts receivable $4,200.00 Accounts payable 4Less allowance for bad debts 480.00 3,720.00 Total liabilities Merchandise inventory 28,580.00 Store equipment $9,260.00 Owner's Equity 7 Less accumulated depreciation 2,400.00 6,860.00 Lisa Bush, capital Total assets $43,760.00 Total liabilities and owner's equity