On December 31, 2024, Davers and Geringer 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 Requirement 1. Journalize the contributions of Davers and Geringer to the partnership (ecord debita fint, then credits Select explanation on the last line of the journal entry tabi) Joumalize the contribution of Davers Date Accounts and Explanation Debit Credit Dec 31 Davers's Business Geringer's Business Current Current Market Book Value Market Value Book Value Value Assets Cash 15,000 $ 7,000 $ 7,000 15,000 $ 19,000 Accounts Receivable 17,000 11,000 9,000 Merchandise Inventory Plant Assets, Net 52,000 121,000 46,000 103,000 38,000 45,000 38,000 49,000 $ 207,000 $ 181,000 $ 101,000 $ 103,000 $ 29,000 $ 29,000 $ 10,000 $ 10,000 Total Assets Liabilities and Owner's Equity Accounts Payable Other Accrued Payables Notes Payable Davers, Capital 9,000 9,000 52,000 52,000 117,000 ? 91,000 Geringer, Capital $ 207,000 $ 181,000 $ 101,000 $ 103,000 Total Liabilities and Owner's Equity