On December 31,2024 , Deus and Glen 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 Requirement 1. Journalize the contributions of Deus and Glen to the partnership. (Record debits first, then, credits Select explanations on the last line of the journal entry table.) Journalize the contribution of Deus \begin{tabular}{|c|c|c|c|c|c|} \hline & Book & Jeus's Bu: & UsinessCurrentMarketValue & Glen's Bi & CusinessCurrentMarketValue \\ \hline \multicolumn{6}{|l|}{ Assets } \\ \hline Cash & $ & 17,000 & 17,000 & 5,000 & 5,000 \\ \hline Accounts Receivable & & 22,000 & 20,000 & 11,000 & 9,000 \\ \hline Merchandise Inventory & & 52,000 & 46,000 & 39,000 & 39,000 \\ \hline Plant Assets, Net & & 118,000 & 100,000 & 49,000 & 53,000 \\ \hline Total Assets & $ & 209,000 & 183,000 & $104,000 & $106,000 \\ \hline \multicolumn{6}{|l|}{ Liabilities and Owner's Equity } \\ \hline Accounts Payable & $ & 29,000 & 29,000 & 20,000 & 20,000 \\ \hline Other Accrued Payables & & 10,000 & 10,000 & & \\ \hline Notes Payable & = & 56,000 & 56,000 & & \\ \hline Deus, Capital & & 114,000 & & & \\ \hline Glen, Capital & & & & 84,000 & \\ \hline Total Liabilities and Owner's Equity & $ & 209,000 & $183,000 & $104,000 & $106,000 \\ \hline \end{tabular}