Q1: MOHAMMED and AHMED combine their proprietorships to start a partnership named XYZ software. The firm will specialize in developing financial modeling software packages. MOHAMMED and AHMED have the following assets prior to the formation of the partnership. Fair value Mohammed Ahmed 10000 11000 4900 Cash Equipment ACC. Depreciation- equip. Account receivable Allow. for doubtful accounts Book Value Mohammed Ahmed 10000 11000 7000 (4000) 5000 (800) 13000 15200 5000 1100 14900 14900 Requirements: 1. Prepare the entry to record the investment of Mohammed. 2. Prepare the entry to record the investment of Ahmed