Part A Lee has been operating a small business, taking tourists on trips to the wineries south of Adelaide through to Victor Harbor. One of his friends, Gillies, who operates a farm producing flowers, strawberries and olives, suggests that they form a partnership and conduct guided tours of the southern areas using his farm as a base. August 15, 2014 Lee and Gillies form a partnership, trading as "Southern Tour Delights". Their assets and liabilities on that date are: Lee: Cash $7,000, Office Furniture & Equipment $3,000 Motor Vehicles $41,000, Inventories $2,000, A/cs Payable $3,000 Gillies: Cash $1,000, A/cs Receivable $8,000, Property $60,000, Motor Vehicle $14,000, Office Furniture & Equipment $2,000, A/cs Payable $15,000, Mortgage Loan $20,000

Required: General Journal entries to record the assets and liabilities contributed by the partners. fully classified Balance Sheet of Southern Tour Delights on 15 August, 2014.