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Sonoma Company and Woodberry Company decide to merge their proprietorships into a partnership called Sonberry Company. The balance sheet of Woodberry Company shows: The partners

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Sonoma Company and Woodberry Company decide to merge their proprietorships into a partnership called Sonberry Company. The balance sheet of Woodberry Company shows: The partners agree that the net realizable value of the receivables is 516,000 and that the fair value of the equipment is $15,000. Indicate how the four accounts should appear in the opening balance sheet of the partnership

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