The partnership of Avery and Kirk was formed on July 1, when George Avery and Di

Question

The partnership of Avery and Kirk was formed on July 1, when George Avery and Dinah Kirk agreed to invest equal amounts and to share profits and losses equally. The investment by Avery consists of $30,000 cash and an inventory of merchandise valued at $56,000. Kirk also is to contribute a total of $86,000. However, it is agreed that her contributions will consist of the transfer of both assets of her business and its liabilities (listed below). A list of the agreed values of the various items as well as their carrying values on Kirk s records follows. Kirk also contributes enough cash to bring her capital account to $86,000.

Explanation / Answer

There is not list and whats ur question here

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