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Sury Vopat has owned and coerated a proprietorship for severat years. On January 1, she decides to terminate th's business and become a partner in

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Sury Vopat has owned and coerated a proprietorship for severat years. On January 1, she decides to terminate th's business and become a partner in the firm of Vopat and Sirma. Vopat's investment in the portnership consists of $11,300 in cash, and the following assets of the proprietorship: accounts receivable $14,000 less allowance for doubtful accounts of $2,000, and equipment $19,900 less accumulated depreciation of $3,700. it is agreed that the allowance for doubtful accounts should be $3,000 for the parthership. The fair value of the equipment is $12.500, Journalize Vopat's admission to the firm of Vopat and Sigma. (Credft occount titles are outometicoliy indented when amount is entered Do not indentmanually) Sury Vopat has owned and coerated a proprietorship for severat years. On January 1, she decides to terminate th's business and become a partner in the firm of Vopat and Sirma. Vopat's investment in the portnership consists of $11,300 in cash, and the following assets of the proprietorship: accounts receivable $14,000 less allowance for doubtful accounts of $2,000, and equipment $19,900 less accumulated depreciation of $3,700. it is agreed that the allowance for doubtful accounts should be $3,000 for the parthership. The fair value of the equipment is $12.500, Journalize Vopat's admission to the firm of Vopat and Sigma. (Credft occount titles are outometicoliy indented when amount is entered Do not indentmanually)

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