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On December 31, 2024, Denis and Gate agree to combine their sole proprietorships into a partnership. Their balance sheets on December 31 are shown
On December 31, 2024, Denis and Gate 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 Denis and Gate to the partnership. (Record debits first, then, credits. Select explanations on the last line of the journal entry table.) Journalize the contribution of Denis Date Accounts and Explanation Dec. 31 Plant Assets Cash Accounts Receivable Merchandise Inventory Plant Assets Debit Credit 23
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