Your client $$Just Right$$ has been advised that they should convert to a company. Spoton Pty Ltd was incorporated on $1$ July $2021$ to acquire a business partnership, trading as $$Just Right$,$ as a going concern. The consideration for the purchase of the business was $45,000$ shares issued at $$1$ each and $$15,000$ cash. $$ The assets of Just Right were: $$ $ Freehold premises$40,000$ Plant & equipment$30,000$ Accumulated depreciation$5,000$ Inventory$12,500$ Accounts receivable$7,500$ Allowance for doubtful debts$500$ Accounts payable$18,000$ Bank overdraft$2,000$ Spoton Ltd assessed the fair value of assets to be: $$ $ Freehold premises$50,000$ Plant & equipment$20,000$ Inventory$12,500$ Accounts receivable$6,000$ All liabilities of Just Right were accepted at book value by Spoton Ltda$)$ Prepare the general journal entries in the books of Spoton Ltd to fully record the acquisition of$,$ and payment for, the assets and liabilities of Just Right. $$