Solved: Brandi bonds and cesar ruiz form a partnership by combining, Accounting Basics

Brandi bonds and cesar ruiz form a partnership by combining

Brandi Bonds and Cesar Ruiz form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Bonds, sole proprietorship:

Bonds obtained appraised values for the land and equipment as follows:An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $6,000.

Journalize the partnership's entry for Bond'sinvestment.

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Accounting Basics: Brandi bonds and cesar ruiz form a partnership by combining

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