C. Held and G. Kamp decide to merge their proprietorships into a partnership called Heldkamp Company. The

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C. Held and G. Kamp decide to merge their proprietorships into a partnership called Heldkamp Company. The balance sheet of Kamp Co. shows:

                              

The partners agree that the net realizable value of the receivables is $12,500 and that the fair value of the equipment is $10,000. Indicate how the four accounts should appear in the opening balance sheet of the partnership.

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