(SOLVED) On December 31 2016 Dana Darrius and Lou Gardner agree


Question Description:

$19

On December 31, 2016, Dana Darrius and Lou Gardner agree to combine their sole proprietorships into a partnership. Their balance sheets on December 31 are shown as follows.
Requirements
1. Journalize the contributions of Darrius and Gardner to the partnership.
2. Prepare the partnership balance sheet at December 31, 2016.

Answer

$19