The post - closing trial balances of two proprietorships on January 1 , 2 0 2 2

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The post

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closing trial balances of two proprietorships on January

1, 2022,

are presented below.

Sorensen and Lucas decide to form a partnership, Sandhill Company, with the following agreed upon valuations for noncash assets.

All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships.

PREPARE A CLASSIFIED BALANCE SHEET

Posted Date: Jun 25, 2024 01:19 PM

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