Please solve the two questions

02 7 POINTS On 1/1/2018 Ahmad has his own business and his balance sheet as follows AP 22.000 On the same date agree with Majad to establish the partnership with total capital S100.000 divided equally between them Ahmed agree to transfer the following assets and liabilities and paid the balance cash Assets fair value Inventory 12.500 Equipment 12.000 Lands 3.500 AP 1.800 NP 5.200 And agree majod paid his share in capital cash Required: 1. Prepare joumal entries 2 prepare opening bulunce sheet NR 03 (6 POINTS) A) What is the approaches used when new partner enter the partnership by investing cash? please explain these approaches and discuss which approach is better? B) What is the difference between ordinary share and preference shares? 02 7 POINTS On 1/1/2018 Ahmad has his own business and his balance sheet as follows AP 22.000 On the same date agree with Majad to establish the partnership with total capital S100.000 divided equally between them Ahmed agree to transfer the following assets and liabilities and paid the balance cash Assets fair value Inventory 12.500 Equipment 12.000 Lands 3.500 AP 1.800 NP 5.200 And agree majod paid his share in capital cash Required: 1. Prepare joumal entries 2 prepare opening bulunce sheet NR 03 (6 POINTS) A) What is the approaches used when new partner enter the partnership by investing cash? please explain these approaches and discuss which approach is better? B) What is the difference between ordinary share and preference shares