The trial balances of two proprietorships on January 1, 2021, follow: Cash Accounts receivable Allowance for doubtful accounts Merchandise inventory Equipment Accumulated depreciation-equipment Accounts payable 1. Domic, capital P. Dasilva, capital Domic Company Dr. Cr. $11,800 13,100 $3,010 11,400 41,900 25,300 10,900 38,990 Dasilva Company Dr. Cr. $10,200 24,400 $5,350 15,900 33,100 13,500 33,800 30,950 $83,600 $78,200 $78,200 $83,600 Domic and Dasilva decide to form a partnership on January 1 and agree on the following valuations for the noncash assets that the are each contributing: Accounts receivable-net realizable value Merchandise inventory Fruinment Domic $8,940 13,650 19 100 Dasilva $21,490 13,740 16.910 Domic and Dasilva decide to forfra partnership on January 1 and agree on the following valuations for the noncash assets that they are each contributing Accounts receivable-net realizable value Merchandise inventory Equipment Domic $8.940 13,650 18,190 Dasilva $21,490 13.740 16,810 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. Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership on January 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1 Debit Credit Date Account Titles and Explanation Jan. 1 > > 6 (To invest assets in business.) Jan. 1 > (To invest assets in business.)