2. Journalize the additional entries to record Mays' entrance to the partnership on September 1, 2019. If an amount box does not require an entry, leave it blank. Sept. 1-Purchase capital Sept. 1-Contribute cash 3. Present a balance sheet for the new partnership as of September 1, 2049. Caldwell, Estrada, and Mays Balance Sheet September 1, 2019 Assets Current assets: Total current assets Property, plant, and equipment: Total assets Liabilities Current liabilities: Total liabilities Partners' Equity Total partners' equity Total liabilities and partners' equity Admitang New Parte Brian Calcwell and Acriara Estrada nove operates a successful fimm for many years, sharing net income and not losses cquaily. Kris Mays is to be admitted to the partnership on September 1 of the current yeach accordance with the following agreement: 2. Asects and liabide of the ok partners are to be valued at their bock value of August 31, cocpt for the following: Accos receivable amounting to $2.200 are to be written aft, and the allowance for doudcruisccount is to be increased to 5% of the remaining accounts Purch turysta vil. L 384,900 Fuiment to be valued at $146.800. b Murpi tu purch $62.000 of the creati interest of Exirada for $58,000 cash te ri 2,000 cette partnership furtul urshig uity of $5,000. The peuting trance of Calwell and Entrades of August 31 fals Caldwell and Estrada Post Closing Trial Balance August 31, 2010 Dahit Credit Balances Cash Amnis vole Balances G, 400 39,600 1,490 G0,700 2,200 170,000 Inca nuthul Arrants Marchand se Inventory Tudirua Cquipment Accumulated Depredador-Equipment Anille Notes Fayable (current) Brian Caldwell, Capital Ador Estrada, et Ad 52.700 12,300 40,500 92.000 50,000 275,00 278,000 Required: 1. Juuraltheria of August 31 Le record Law.com, singlary.co.id Assal Riu Cullend is low assal rev. Kland in from reviu, reply. The clienhum deb.ion about la Loiminta Allur juurling the evaluations, lose the ince of the weet revalstions ont to the capital conures of Tran Daliwell and destrada. funt box does not require any, lavet henk. ng Ante Rereah Ret Relations Account Rucuivable Allowance for Doubtful Accounts Aug. 31-Merchandise rentory 000 DI 110 A.Q. 31 Equiment A. 31 cm 2. Journalize the additional entries to record Mays' entrance to the partnership on September 1, 2019. If an amount box does not require an entry, leave it blank. Sept. 1-Purchase capital Sept. 1-Contribute cash 3. Present a balance sheet for the new partnership as of September 1, 2049. Caldwell, Estrada, and Mays Balance Sheet September 1, 2019 Assets Current assets: Total current assets Property, plant, and equipment: Total assets Liabilities Current liabilities: Total liabilities Partners' Equity Total partners' equity Total liabilities and partners' equity Admitang New Parte Brian Calcwell and Acriara Estrada nove operates a successful fimm for many years, sharing net income and not losses cquaily. Kris Mays is to be admitted to the partnership on September 1 of the current yeach accordance with the following agreement: 2. Asects and liabide of the ok partners are to be valued at their bock value of August 31, cocpt for the following: Accos receivable amounting to $2.200 are to be written aft, and the allowance for doudcruisccount is to be increased to 5% of the remaining accounts Purch turysta vil. L 384,900 Fuiment to be valued at $146.800. b Murpi tu purch $62.000 of the creati interest of Exirada for $58,000 cash te ri 2,000 cette partnership furtul urshig uity of $5,000. The peuting trance of Calwell and Entrades of August 31 fals Caldwell and Estrada Post Closing Trial Balance August 31, 2010 Dahit Credit Balances Cash Amnis vole Balances G, 400 39,600 1,490 G0,700 2,200 170,000 Inca nuthul Arrants Marchand se Inventory Tudirua Cquipment Accumulated Depredador-Equipment Anille Notes Fayable (current) Brian Caldwell, Capital Ador Estrada, et Ad 52.700 12,300 40,500 92.000 50,000 275,00 278,000 Required: 1. Juuraltheria of August 31 Le record Law.com, singlary.co.id Assal Riu Cullend is low assal rev. Kland in from reviu, reply. The clienhum deb.ion about la Loiminta Allur juurling the evaluations, lose the ince of the weet revalstions ont to the capital conures of Tran Daliwell and destrada. funt box does not require any, lavet henk. ng Ante Rereah Ret Relations Account Rucuivable Allowance for Doubtful Accounts Aug. 31-Merchandise rentory 000 DI 110 A.Q. 31 Equiment A. 31 cm
