11-17 can you kindly help ? thank you so

Required Prepare the entry to distribute the whole dollar. Exercise 11-17 Liquidation of a partnership L05 CHECK FIGURE: 3b. Dr. Sophia, Capital: $9,450 Toast, a Belleville, Ontario, restaurant, began with investments by the partners as follows: Lea, $233,700. at go well, and the partners finally decided to $177,700; and Sophia, $192,100. The first year of operations did not go well, and liquidate the partnership, sharing all losses equally. On December 31, after all assets were converted to ad and all creditors were paid, only $60,500 in partnership cash remained. Required 1. Calculate the capital account balances of the partners after the liquidation of assets and payment of credito 2. Assume that any partner with a deficit pays cash to the partnership to cover the deficit. Present the gee eral journal entries on December 31 to record the cash receipt from the deficient partner(s) and the final disbursement of cash to the partners. 3. Assume that any partner with a deficit is not able to reimburse the partnership. Present journal entrie (a) to transfer the deficit of any deficient partners to the other partners, and (b) to record the final bursement of cash to the partners. PROBLEMS Problem 11-1A Methods of allocating partnership profit Lo3 eXcel CHECK FIGURE: C. Cr. Jenkins, Capital: $95,000 Jenkins, Willis, and Trent invested $100,000, $175,000, and $225,000, respectively, in a partnership. first year, the firm recorded profit of $300,000. 788