The trial balances of two proprietorships on January 1, 2021, follow:

		Domic Company				Dasilva Company
		Dr.		Cr.		Dr.		Cr.
Cash		$12,000				$9,700
Accounts receivable		13,800				25,200
Allowance for doubtful accounts				$3,040				$5,630
Merchandise inventory		11,300				15,500
Equipment		41,700				32,200
Accumulated depreciationequipment				24,600				12,700
Accounts payable				11,000				34,500
I. Domic, capital				40,160
P. Dasilva, capital								29,770
		$78,800		$78,800		$82,600		$82,600

Domic and Dasilva decide to form a partnership on January 1 and agree on the following valuations for the noncash assets that they are each contributing:

		Domic		Dasilva
Accounts receivablenet realizable value		$9,740		$21,890
Merchandise inventory		13,610		13,270
Equipment		18,940		16,030

All of the assets in each of the proprietorships will be transferred to the partnership. The partnership will also assume all the liabilities of the two proprietorships. Domic and Dasilva are also agreed that Dasilva will invest the amount of cash required so their investments in the partnership are equal.

Part 1

Prepare separate journal entries to record the transfer of each proprietorships assets and liabilities to the partnership on January 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Part 2

Journalize the additional cash investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)