Sarah Punter operates a sole proprietorship iabilities to a partnership that will operate The Golf Shop. Punter will own a two-thirds interest in the capital of the partnership. The agreed-upon values of assets and liabilities to be transferred follow s that sells golf equipment In 2019, Punter agrees to transfer her assets and Total accounts receivable of $113,000 will be transferred and approximately $3,300 of these accounts may be uncollectible 89,880 31,00e $ 16,80e Accounts payable Record the receipt of the assets and liabilities by the partnership in the general journal. Journal entry worksheet Record the investment of Punter. , Next >