Question: first 4 pics are data for the balance sheet, last 2 pics are balnce sheet i need filled in. thanks! The post-closing trial balances of

first 4 pics are data for the balance sheet, last 2 pics are balnce sheet i need filled in. thanks!

pics are balnce sheet i need filled in. thanks! The post-closing trial

balances of two proprietorships on January 1,2022, are presented below. Sorensen and

Lucas decide to form a partnership, Ivanhoe Company, with the following agreed

upon valuations for noncash assets Al cash will be transterred to the

partnership, and the partnership will assume all the fiabilities of the two

The post-closing trial balances of two proprietorships on January 1,2022, are presented below. Sorensen and Lucas decide to form a partnership, Ivanhoe Company, with the following agreed upon valuations for noncash assets Al cash will be transterred to the partnership, and the partnership will assume all the fiabilities of the two proprictorships: (a) Youranswer is correct. Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership. (Credit account titles are dutamatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Jan. 1 Csh Sorensen, Capital (To record Sorensen's investment.) Jan-1 Casth Likas, Capital (To record Lucas investment.) Debit Credit 4000 4000 Prepare a classified balance sheet for the partnership on January 1.2022. (List Current Assets in onder of fiquidity) Liabilities and Owners' Equity $ eTextbook and Media

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