& This course Oestion 1 15 kodu inschatten PT Question on 1/1/2018 Ahmad has his own business and his balance sheet foflow Assos AIRE amount kapital inventory 1,100 A/ 12, 100 equipment 11,000 Notes payable 5,100 Accumulated KO) capital 1,750 Heprecation NR 1,000 Allowance for doubtl (90) Klebs Timele 112 lands 10,000 1,000 152,250 152,250 on the same date agree with Majed to establish the partnership with total capital $100,000 divided equally between them Ahmed agree to transfer the following assets and liabilities and paid the balance cash Assets lair value Inventory 11,500 Equipment 11,000 Lands 19,000 AR 3,000 A/P 1,900 N/P 5,100 And agree maled paid his share in capital cash Requiredi 1 Prepare journal entries 2 prepare opening balance sheet 1