1 Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively, wish , to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $4.500. At the date the partnership ceases operations, the balance sheet is as follows: 8.33 points Cash Noncash assets $ 61,680 280,880 Skipped Liabilities Alex, capital Bess, capital Total liabilities and capital $ 45,500 140,00 75,500 $ 261,00 Total assets $ 261,080 . eBook Part A: Prepare journal entries for the following transactions that occurred in chronological order: Print Reference: a. Distributed safe cash payments to the partners. Pald $27.300 of the partnership's liabilities c. Sold noncash assets for $215,500. d. Distributed safe cash payments to the partners. e. Pald remaining partnership liabilities of $18,200 f. Pald $3.500 in liquidation expenses: no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Part B: Prepare a final statement of partnership liquidation. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries for the following transactions that occurred in chronological order: (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Distributed safe cash payments to the partners. b. Paid $27,300 of the partnership's liabilities. c. Sold noncash assets for $215,500. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $18,200. f. Paid $3,500 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Show less View transaction at Journal entry worksheet 2 3 4 Record the initial distribution of available cash based on safe capital balance. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general Journal Journal entry worksheet