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Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining the assets of their separate businesses. Payne contributes the following assets to the partnership: cash, $24,290; accounts receivable with a face amount of S171,520 and an allowance for doubtful accounts of $4,420, merchandise inventory with a cost of $90,120, and equipment with a cost of $142,010 and accumulated depreciation of $46,810 The partners agree that $6,170 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $4,320 is a reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price of $100,820, and that the equipment is to be valued at $78,270 On December 1, journalize the partnership's entry to record Payne's investment. Refer to the Chart of Accounts for exact wording of account titles. Instructions Lawn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn Spray Inc. reacquired 19,900 shares of its common stock at $19 per share. On June 14, 13,500 of the reacquired shares were sold at $24 per share, and on November 23, 5,100 of the reacquired shares were sold at $20 Required A. Journalize the transactions of January 31, June 14, and November 23. Refer to the Chart of Accounts for exact wording of account titles. B. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? C. What is the balance in Treasury Stock on December 31 of the current year? D. How will the balance in Treasury Stock be reported on the balance sheet? ne balance in ela-in.Casata Sale Instructions The declaration, record, and payment dates in connection with a cash dividend of $129,100 on a corporation's common stock are January 12, March 13, and April 12 Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles