im for many years, sharing income and net ses equally, Kris Hays is to be detted to the partnership on September of the current Brian Caldwell and Manasta have gre w accordance with the following greement: 2. Assets and of the part w he 1. Accounts receivable amounting to 2.200 wtobe 2. Merchandise r is to be a $ 500 3. E s to be 31.100 t haok a d the w o in 31 ord s for the towing to be increased to otherm Caldwell and Estrada Post Closing Trial Balance August 31, 209 Balmes Monco Dourou Merchandiser 53,500 Ement . 1000 247.000 Required: Checy para a daule 47.100 13,000 35.600 otes Payable (current) Brian Caldwell, Capital mdriana Estrada, Capital 70.000 247.900 247,000 Required: 1. Journalire the entries as of August 31 to record the evaluations, using a temporary account and respectively. The balance in the accumulated depreciation account is to be eliminated. After Adriana Estrada Asset Revolutions. Debits and credits to the Act Revaluation account are losses and the revolution, dose the balance of the asset revolution account to the capital o toma to Brian and f For a compound transaction, an amount box does not require an entry leaves Aug 31-Accounts Rece n t Revation Accounts Allowance for Double Merchand Aug 1 Aug 31- 0.29 0 Aug. 31-Close Asset Hevaluations Brian Caldwell, Capital Adriana Estrada, Capital 063 AL0.90 2. Journalize the additional entries to record Mays's entrance to the partnership on September 1, 2019 September 1-purchase Adriana Estrada, Capital Kris Mays. Capital September 1-contribution Cash Kris Mays. Capital 3. Present a balance sheet for the new partnership as of September 1, 2019 ca Estrada da September 1, 2019 Acc able Les Allowance for Doubtful Account Merchandise Inventory Pred Insurance Torstw Property and que equipment he Current es e Paya 1 Check My Work used 0.29 ALGO ALGO Kris Mays, Capital 0.63 BLANKSHEETAL... 0.90 3. Present a balance sheet for the new partnership as of September 1, 2019 Caldwell, Estrada, and Mays Balance Sheet September 1, 2019 Current assets Cash Accounts Receivable Less Allowance for Doubtful Accounts Merchandise Inventory Prepold Insurans Total current assets Property, plant, and equipment: Equipment Total assets DODO 00 DO ODRO Current abilities: Accounts Payable Notes Payable Total abilities Partners Equity Brian Caldwell, Capital Adriana Estrada, Capital Kris Marys, Capital Total partners equity Total e s and partners' equity 1 Check My Work used gress: 213 items im for many years, sharing income and net ses equally, Kris Hays is to be detted to the partnership on September of the current Brian Caldwell and Manasta have gre w accordance with the following greement: 2. Assets and of the part w he 1. Accounts receivable amounting to 2.200 wtobe 2. Merchandise r is to be a $ 500 3. E s to be 31.100 t haok a d the w o in 31 ord s for the towing to be increased to otherm Caldwell and Estrada Post Closing Trial Balance August 31, 209 Balmes Monco Dourou Merchandiser 53,500 Ement . 1000 247.000 Required: Checy para a daule 47.100 13,000 35.600 otes Payable (current) Brian Caldwell, Capital mdriana Estrada, Capital 70.000 247.900 247,000 Required: 1. Journalire the entries as of August 31 to record the evaluations, using a temporary account and respectively. The balance in the accumulated depreciation account is to be eliminated. After Adriana Estrada Asset Revolutions. Debits and credits to the Act Revaluation account are losses and the revolution, dose the balance of the asset revolution account to the capital o toma to Brian and f For a compound transaction, an amount box does not require an entry leaves Aug 31-Accounts Rece n t Revation Accounts Allowance for Double Merchand Aug 1 Aug 31- 0.29 0 Aug. 31-Close Asset Hevaluations Brian Caldwell, Capital Adriana Estrada, Capital 063 AL0.90 2. Journalize the additional entries to record Mays's entrance to the partnership on September 1, 2019 September 1-purchase Adriana Estrada, Capital Kris Mays. Capital September 1-contribution Cash Kris Mays. Capital 3. Present a balance sheet for the new partnership as of September 1, 2019 ca Estrada da September 1, 2019 Acc able Les Allowance for Doubtful Account Merchandise Inventory Pred Insurance Torstw Property and que equipment he Current es e Paya 1 Check My Work used 0.29 ALGO ALGO Kris Mays, Capital 0.63 BLANKSHEETAL... 0.90 3. Present a balance sheet for the new partnership as of September 1, 2019 Caldwell, Estrada, and Mays Balance Sheet September 1, 2019 Current assets Cash Accounts Receivable Less Allowance for Doubtful Accounts Merchandise Inventory Prepold Insurans Total current assets Property, plant, and equipment: Equipment Total assets DODO 00 DO ODRO Current abilities: Accounts Payable Notes Payable Total abilities Partners Equity Brian Caldwell, Capital Adriana Estrada, Capital Kris Marys, Capital Total partners equity Total e s and partners' equity 1 Check My Work used gress: 213 items