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Sonoma Company and Woodberry Company decide to merge their proprietorships into a partnership called Bramble Company. The balance sheet of Woodberry Company shows: $18,200 1.450
Sonoma Company and Woodberry Company decide to merge their proprietorships into a partnership called Bramble Company. The balance sheet of Woodberry Company shows: $18,200 1.450 $16,750 Accounts receivable Less Allowance for doubtful accounts Equipment Less: Accumulated depreciation-equip $24,500 11.200 $13,300 The partiers agree that the net realizable value of the receivables is $16, 300 and that the fair value of the equipment is $15,100. Andicate how the four accounts should appear in the opening balance sheet of the partnership, BRAMBLE COMPANY Balance Sheet (Partial) Assets BRAMBLE COMPANY Balance Sheet (Partial) Assets
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