Question 1

On December 31,2024 , Denis and Geringer 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 requirements. Requirement 1. Joumalize the contributions of Denis and Geringer to the partnership. (Record debits first, then, credits. Select explanations on the last line of the joumal entry table.) Journalize the contribution of Denis. Requirements Data table 1. Jcurnalize the contributions of Denis and Geringer to the partnership. 2. Prepare the partnership balance sheet at December 31. 2024