Prior to liquidation, the accounting records of Blazon, Carl, and Dove included the following balances and profit-and-loss

Question:

Prior to liquidation, the accounting records of Blazon, Carl, and Dove included the following balances and profit-and-loss percentages:

The partnership sold the noncash assets for $74,000, paid the liabilities, and gave the remaining cash to the partners.
Requirement
1. Journalize the sale of the assets, the payment of the liabilities, and the payment of the partners€™ final capitalbalances.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...