The trial balances of two proprietorships on January 1,2024, follow: Johnson and Jone decide to form a partnership on January 1 and agree on the following valuations for the noncash assets that they are each contributing: 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. Johnson and Jone are also agreed that Jone 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. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (To invest assets in business by Jone.)