Recording Partner's Original Investment Hannah Freeman and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Cash Accounts receivable Allowance for doubtful accounts Land Hannah Freeman Proprietorship Balance Sheet June 1, 20Y3 Equipment Accumulated depreciation-equipment Total assets Accounts payable Notes payable Hannah Freeman, capital Total liabilities and owner's equity $125,000 (7,200) $78,000 (41,000) $65,000 117,800 215,000 37,000 $434,800 $24,800 76,000 334,000 $434,800

Recording Partner's Original Investment Hannah Freeman and Hugo Hernandez form a partnership by combining assets of their former businesses, The followino balance sheet information is provided by Freeman, sole proprietorship