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08)4 12-5A r the accounts are closed on February 3, prior to liquidating the P, the $19,300, S4,500, PR Statement of partnership liquidation Amounts owed
08)4 12-5A r the accounts are closed on February 3, prior to liquidating the P, the $19,300, S4,500, PR Statement of partnership liquidation Amounts owed to creditors total $15,000. The partners share income and losses pectivel t capital accounts of William Gerloff, Joshua Chu, and Courtney Jewett are s , respectively. Cash and noncash assets total $5,200 and $55,900 34 300 and the the partner with the capital deficiency pays the deficiency to the partnershi liabilities are paid. of 2:1:1. Between February 3 and February 28, the noncash assets are sold for
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