On December 31, 2018, Demetrius and Game agree to combine their sole proprietorships into a partnership Thair balance sheets on Decamber 31 are shown as tolows: Cick the icon to view the balance sheets.) Read the equircmanta Requirement 1. Joumalize the contributions of Demetrius and Gamett to the pertnership. (Record debits first, then, credits Select explanatione on the lest ine of the joumal entry table.) Joumaliza tha contribution of Dematrius Data Table Date Accounts and Explanation Debit Credit Dec. 31 Demetrius's Business Garnett's Business Book Market Book Murket Cash Accounts Reccivable Merchandisa Invantory Plant Assats, Nat Total Assets Liabilities and Owner's equity Accounts Payabla Other Accrued Payables Noles Payable Damctrius, Capital Garnett, Capital Total Liablitias and Ownars Equity 9,000S9,0003,000 S 3,000 14.000 23,000 49 CCo 126,000 21,000 43 000 108,000 16,000 40,000 40 o 54,000 Journalize the contibution of Garnell. 58,000 Date Accounts and Explanation Uebit Credit 207,000 181,000 113,000 $ 115,000 Dac. 31 23,000 23,000 12,000 S 12.00 13,000 53,000 118,000 13,000 53,000 101,000 207,000 5 181,000 113,000 115,000 Print Done Requirement 2. Prepare the partnership balance sheet at December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Demetrius and Garnett Balance Sheet December 31, 2018 Assets Liabilities Total Liabilities Partners' Equity Total Partners' Equity Total Assets Total Liabilities and Partners' Equity On December 31, 2018, Demetrius and Game agree to combine their sole proprietorships into a partnership Thair balance sheets on Decamber 31 are shown as tolows: Cick the icon to view the balance sheets.) Read the equircmanta Requirement 1. Joumalize the contributions of Demetrius and Gamett to the pertnership. (Record debits first, then, credits Select explanatione on the lest ine of the joumal entry table.) Joumaliza tha contribution of Dematrius Data Table Date Accounts and Explanation Debit Credit Dec. 31 Demetrius's Business Garnett's Business Book Market Book Murket Cash Accounts Reccivable Merchandisa Invantory Plant Assats, Nat Total Assets Liabilities and Owner's equity Accounts Payabla Other Accrued Payables Noles Payable Damctrius, Capital Garnett, Capital Total Liablitias and Ownars Equity 9,000S9,0003,000 S 3,000 14.000 23,000 49 CCo 126,000 21,000 43 000 108,000 16,000 40,000 40 o 54,000 Journalize the contibution of Garnell. 58,000 Date Accounts and Explanation Uebit Credit 207,000 181,000 113,000 $ 115,000 Dac. 31 23,000 23,000 12,000 S 12.00 13,000 53,000 118,000 13,000 53,000 101,000 207,000 5 181,000 113,000 115,000 Print Done Requirement 2. Prepare the partnership balance sheet at December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Demetrius and Garnett Balance Sheet December 31, 2018 Assets Liabilities Total Liabilities Partners' Equity Total Partners' Equity Total Assets Total Liabilities and Partners' Equity