Mo Mulder and Molly Munchkin operate separate hobby shops. On April 8, 2021, they decide to combine their businesses, which had been operated as proprietorships to form Mo & Molly Partnership. Information from their separate balance sheets is presented below: Cash Accounts recevable Allowance for doubtful accounts Accounts payable Equipment Accumulated depreciation - equipment Mo's Models Molly's Crafts $7,000 $6,100 1.900 750 250 300 1,350 600 2,800 1,200 700 500 It is agreed that the expected realizable value of Mo's accounts receivable is $1,350 and Molly's recevables i $550. The fair market value of Mo's equipment is 11.200 and Molly's equipment is $700. It is further agreed that the new partnership will assume all liabilities of the proprietorships on the nartnershia Credit account titles are automatically indented when the amount is FUL Date Account Titles and Explanation Apr. 8, 2021 Debit Credit Credit (To record Mo's Models) Apr. 8, 2021 > > (To record Molly's Crafts) Determine the partnership's balances in each account immediately after forming the partnership. Balances Cash $ Accounts receivable $ Allowance for doubtful accounts $ Equipment Accounts payable M. Mulder, Capital V M. Munchkin, Capital LINK TO TEXT