30. Dodds, Van, and Walden are liquidating their partnership. before selling the assets and paying the liabilities, The capital balances are Dodds $43,000; Van $29,000; Walden $19,000. The profit and loss Sharon radio has been 2:1:1 for Dodds, Van, and Walden, respectively. The partnership has $78,000 cash, and $32,000 accounts payable.

Requirement number 1: assuming the partnership sells the non-cash assets for $55,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, The payment of the outstanding liabilities, and the distribution of remaining cash of partners.

Requirement number 2: assuming the partnership sells the non-cash assets for $15,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of remaining cash to partners.

if anything can this be done into charts like this please, thank!

Jou the sale of the cash 6,000 Date Accounts and Explanation Debat Journalize the payment of the Date Dec. 31 Credit Accounts and Explanation Debit Credit Journal the location of the gross to the past Account and Explanation Dube Jou the distribution of mang cash to the parts Date Accounts and Explanation Credit Debit Credit Requirement 2. Assuming the presses the noncassets for $15.000 .cord the jumalates for the sea distribution of romancash to partners Record debits first, the credits Select the explanation on the line of the Joure the sale of the cash assets for $15.000 Accounts and Explanation Debit Credit Dec 31 Journaithe allocation of the gain or loss to the partners' capital out Accounts and Explanation Debit Credit Jourire the payment of the Date Dec 31 Accounts and Explanation Debit Credit Journize the distribution of remaining cash to the partners Date Accounts and Explanation Dec 31 Debit Credit