On December 31, 2024, Dacres and Gong agree to combine their sole proprietorships into a partnership. Their balance sheets on December 31 are shown as follows: (Click the icon to view the balance sheets.) Read the requirements. Data table Requirement 1. Journalize the contributions of Dacres and Gong to the partnership. (Record debits first, then, credits. Select explanations on Journalize the contribution of Dacres. Dacres's Business Gong's Business Current Current Market Book Value Market Value Book Value Value Assets Date Accounts and Explanation Debit Credit Cash 13,000 $ 13,000 $ 11,000 $ 11,000 Dec. 31 Accounts Receivable 22,000 20,000 13,000 11,000 Merchandise Inventory 56,000 50,000 33,000 33,000 125,000 107,000 45,000 Plant Assets, Net 49,000 216,000 $ 190,000 $ 102,000 $ 104,000 Total Assets Liabilities and Owner's Equity Accounts Payable 29,000 $ 29,000 $ 13,000 $ 13,000 Other Accrued Payables 14,000 14,000 Notes Payable 51,000 51,000 Dacres, Capital 122,000 ? 89,000 Gong, Capital 216,000 $ 190,000 $ 102,000 $ 104,000 Total Liabilities and Owner's Equity