2017 January 1 The partners decide to liquidate the partnership. They have the following balances: Cash $90,000 Accounts Receivable $6500 Equipment $ 120000 Accumulated Depreciation $ 35000 Accounts Payable $ 6500 The partners were able to collect $9500 of the accounts receivable and sell the equipment for $79000.

a) Record all journal entries to dissolve the partnership.