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On June 30, 2016, Rick Reeves, Jason Bateman, and Oliver Morali started a partnership called RJO Enterprises. Prepare an opening balance sheet showing their investments:

On June 30, 2016, Rick Reeves, Jason Bateman, and Oliver Morali started a partnership called RJO Enterprises. Prepare an opening balance sheet showing their investments: It Reeves J. Bateman 0. Morali Land appraised at 5150,000 Cash, 5175,000 Inventory, 5105,000; accounts payable 530,000 Partnership formation 2. Total assets, $1,170,000 Partnership balance sheet 0 Total partners' equity, $400,000

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