Question: the post-closing trail balance of two proprietorships on Jan 1 2022 are presented below Sorensen Co Lucas Co cash Dr. 17,000 Cr. Dr. Cr. 14,600 accounts Receivable 21,500 32,000 allowance for doubtful accounts 3700 5400 inventory 32,500 22,400 Equipment 55000 35000 accumulated depreciation equipment Cr. 29,300 Notes Payable Sorensen Capital Lucas Capital Total debits Lucas co 22000 44200 13,400 18300 29100 Total Debits sorensen co 126,000 Credits 126,000 104,000 Cr, 104,000 Sorensen and Lucss decide to form a partnership Crane Co with the following agreed upon valuations for non cash assets Sorensen Co AR 21500 allowance for doubtful accounts 5599 inventory 34,200 equipment 20.500 Lucas Co AR 32,000 AFDC 4900 inventory 24400 Equipment 18300 all cash will be transferred to the partnership, and the partnership will assume all the liabilities of the proprietorships A) prepare separate joiurnal entries to record the transfer of each proprietorship's assets and liabilties to the partnership B) Further, it is agreed that Sorensen will invest an additional 6100 cash and Lucas will invest an additional 23,200 in cash. journalize the additional cash investments by each partner. C) show a classified balance sheet for the partnership on Jan 1 2022

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Selected accounts from Han Corporation’s trial balance are as follows. Prepare a partial balance sheet listing only the Fixed Assets section. Han Corporation Abbreviated Trial Balance December 31, 2020 Account Name (Acct. #)   Debit Balances   Credit Balances             Cash     150,000     Short-term Marketable Securities     145,000     Accounts Receivable     26,000     Inventories     90,000     Other Current Assets     10,000     Land     350,000     Buildings     300,000     Accumulated Depreciation: Buildings         40,000 Equipment     145,000     Accumulated Depreciation: Equipment         150,000 Goodwill     40,000     Other Intangible Assets     20,000

What is the income before the income statement? Cheyenne Corp's unadjusted trial balance at December 1, 2022, is presented below.   Cash $20,100   Accounts Receivable 38,600   Notes Receivable 11,000   Interest Receivable 0   Inventory 34,700   Prepaid Insurance 3,600   Land 20,900   Buildings 141,000   Equipment 59,000   Patent 9,900   Allowance for Doubtful Accounts $500 Accumulated Depreciation-Buildings 47,000 Accumulated Depreciation-Equipment 23,600 Accounts Payable 25,300  Salaries and Wages Payable  0 Notes Payable (due April 30, 2023) 10,500  Income Taxes Payable 0 Interest Payable 0 Notes Payable (due in 2028) 32,100  Common Stock 49,000  Retained Earnings 92,700  Dividends 12,000  Sales Revenue 919,000  Interest Revenue 0 Gain on Disposal of Plant Assets 0  Bad Debt Expense 0 Cost of Goods Sold 674,000  Depreciation Expense 0 Income Tax Expense 0  Insurance Expense 0  Interest Expense 0 Other Operating Expenses 65,900  Amortization Expense 0  Salaries and Wages Expense…

The balance sheet data of Pina Company at the end of 2025 and 2024 follow. 2025 2024 Cash $29,900 $35,300 Accounts receivable (net) 54,900 45,300 Inventory 64,400 45,400 Prepaid expenses 15,000 25,100 Equipment 90,900 75,200 Accumulated depreciatich-equipment (18,180) (8,100) Land 70,600 40,200 $307,520 $258,400 Accounts payable $65,000 $52,200 Accrued expenses 14,800 17,800 Notes payable-bank, long-term -0- 22,700 Bonds payable 30,200 -0- Common stock, $10 par 187,900 157,500 Retained earnings 9,620 8,200 $307,520 $258,400 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,100; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).) a. Net Cash by operating activities. $ b. Net…