=+Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Receipt of deficiency Balances Cash distributed to partners Final balances

 

Capital

( )

( )

2. a.

27,400 82,500 109,900 Cash Loss on Realization Noncash Assets Cash Noncash Assets Liabilities Radcliffe, Capital Sonders, Capital Towers, Capital 5,900 109,900 115,800 26,800 14,600 27,900 46,500 115,800 Debit Balances Credit Balances Radcliffe, Sonders, and Towers Post-Closing Trial Balance April 30, 2010