Question: Instructions (:1) Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership. (b) Journalize the additional cash investment

each proprietorship's assets and liabilities to the partnership. (b) Journalize the additional

Instructions (:1) Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership. (b) Journalize the additional cash investment by each partner. (c) Prepare a classied balance sheet for the partnership on January 1, 2012

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