Brian McCarthy owns and operates a business called Brian's Music Shop. His postclosing trial balance on December 31, 2013, is provided below. Brian plans to enter into a partnership with Emma Jones, effective January 1, 2014. Profits and losses will be shared equally. Brian will transfer all assets and liabilities of his shop to the partnership, after revaluation. Emma will invest cash equal to Brian's investment after revaluation. The agreed values are: Accounts Receivable (net), $10,000; Merchandise Inventory, $35,000; and Store Equipment, $15,000. The partnership will operate under the name Beautiful Music. Record each partner's investment on page 1 of a general journal. Omit descriptions.
Prepare a balance sheet for Beautiful Music just after the investments. 
Definitions:
Family Environment
encompasses the social and emotional atmosphere in which a person grows up or lives, including relationships with family members and the way family functions.
Personality Development
The growth and development of the aspects of a person's character and psychological makeup over time.
Adopted Children
Young individuals who have been legally taken into a family that is not their biological relatives, gaining all the rights and privileges of a biological child.
Psychogenic
Originating from psychological factors rather than physical causes.
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