UNOR M FHOW CHLEE Recording Partner's Original Investment Hannah Freeman and and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Balance Sheet June 1, 20Y3 Cash $61,650 Accounts receivable $115,900 Less: Allowance for doubtful accounts 6,800 109,100 Land 277,000 Equipment $108,000 Less: Accumulated depreciation-equipment 66,600 41,400 Total assets $489,150 Accounts payable $34,500 Notes payable 99,550 Hannah Freeman, capital 355,100 Total liabilities and owner's equity $489,150 Freeman obtained appraised values for the land and equipment as follows: Land $385,000 Equipment 32,300 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $9,900. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash Previous Next Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading eBook Show Me How Calculator Print Item Less: Allowance for doubtful accounts 6,800 109,100 Land 277,000 Equipment $108,000 Less: Accumulated depreciation-equipment 66,600 41,400 Total assets $489,150 Accounts payable $34,500 Notes payable 99,550 Hannah Freeman, capital 355,100 Total liabilities and owner's equity $489,150 Freeman obtained appraised values for the land and equipment as follows: Land $385,000 Equipment 32,300 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $9,900. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash 61,650 Accounts Receivable 115,900 Land 385,000 Equipment 32.300 Allowance for Doubtful Accounts 9,900 Accounts Payable 34,500 Notes Payable 99,550 Hannah Freeman, Capital Previous Next Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading UNOR M FHOW CHLEE Recording Partner's Original Investment Hannah Freeman and and Hugo Hernandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Balance Sheet June 1, 20Y3 Cash $61,650 Accounts receivable $115,900 Less: Allowance for doubtful accounts 6,800 109,100 Land 277,000 Equipment $108,000 Less: Accumulated depreciation-equipment 66,600 41,400 Total assets $489,150 Accounts payable $34,500 Notes payable 99,550 Hannah Freeman, capital 355,100 Total liabilities and owner's equity $489,150 Freeman obtained appraised values for the land and equipment as follows: Land $385,000 Equipment 32,300 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $9,900. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash Previous Next Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading eBook Show Me How Calculator Print Item Less: Allowance for doubtful accounts 6,800 109,100 Land 277,000 Equipment $108,000 Less: Accumulated depreciation-equipment 66,600 41,400 Total assets $489,150 Accounts payable $34,500 Notes payable 99,550 Hannah Freeman, capital 355,100 Total liabilities and owner's equity $489,150 Freeman obtained appraised values for the land and equipment as follows: Land $385,000 Equipment 32,300 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $9,900. Journalize the partnership's entry for Freeman's investment. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash 61,650 Accounts Receivable 115,900 Land 385,000 Equipment 32.300 Allowance for Doubtful Accounts 9,900 Accounts Payable 34,500 Notes Payable 99,550 Hannah Freeman, Capital Previous Next Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading