Amer, Hassan and Saad agreed to form a solidarity company on 7/11/2019 to sell furniture and furnishings to buy furniture and furnishings with a capital of 100,000 dinars between the partners to:
1. Profits and losses are distributed in the ratio of 3: 2: 5, respectively.
2. Partner Amer and Hassan pay their shares in cash, which are 20,000 and 30,000, respectively.
3. The partner Saad pays his share in the capital of Asaad and the liabilities of his establishment detailed in the condition that the rest of the receivable is paid in cash.
Statement book value preferred value
Goods 12000 13000
Accounts receivable 8,000 8,000
NS. blood. It has 500600
14000 . cars
compound depreciation 8,000
Car book value 6,000 9,000
Accounts Payable 2,000 2,000

Required:

Making the journal entries to be included in the formation of the new company, as well as copying the company’s balance sheet on 7/11/2019.