question on accounting

The post-closing trial balances of two proprietorships on January 1, 2014, are presented below.

		Sorensen Company				Lucas Company
		Dr.		Cr.		Dr.		Cr.
Cash		$14,000				$12,000
Accounts receivable		17,500				26,000
Allowance for doubtful accounts				$3,000				$4,400
Inventory		26,500				18,400
Equipment		45,000				29,000
Accumulated depreciation—equipment				24,000				11,000
Notes payable				18,000				15,000
Accounts payable				22,000				31,000
Sorensen, capital				36,000
Lucas, capital								24,000
		$103,000		$103,000		$85,400		$85,400

Sorensen and Lucas decide to form a partnership, Solu Company, with the following agreed upon valuations for noncash assets.

		Sorensen Company		Lucas Company
Accounts receivable		$17,500		$26,000
Allowance for doubtful accounts		4,500		4,000
Inventory		28,000		20,000
Equipment		25,000		15,000

All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Further, it is agreed that Sorensen will invest an additional $5,000 in cash, and Lucas will invest an additional $19,000 in cash.

(a) Prepare separate journal entries to record the transfer of each proprietorship’s assets and liabilities to the partnership. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
	(Transfer of Sorensen's assets and liabilities.)
2.		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
		[removed]	[removed]
	(Transfer of Lucas' assets and liabilities.)

(b) Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.		[removed]	[removed]
		[removed]	[removed]
	(To record Sorensen's investment.)
2.		[removed]	[removed]
		[removed]	[removed]
	(To record Lucas' investment.)

Prepare a classified balance sheet for the partnership on January 1, 2014. (List Current Assets in order of liquidity.)

SOLU COMPANY Balance Sheet January 1, 2014
Assets
					$[removed]
			$[removed]
:			[removed]		[removed]
					[removed]
					[removed]
					[removed]
					$[removed]
Liabilities and Owners’ Equity
					$[removed]
					[removed]
					[removed]
			$[removed]
			[removed]
					[removed]
					$