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4 of estion Mazan Nader and Majed are three partners they decide to liquidate the partnerships on 31/12/2018 the Balance sheet on the same date
4 of estion Mazan Nader and Majed are three partners they decide to liquidate the partnerships on 31/12/2018 the Balance sheet on the same date as follows Assets Amount Labilities & owner Amount equity Cash 80,000 Accounts payable 110,000 Accounts Receivable 40,000 Mazan Capital (409640,000 Inventory 90,000 Nader Capital (309) 30,000 Equipment 60,000 Maled capital (309) 90,000 Total 270,000 Total 270,000 During the month of January 2019 1 $34,000 were collected from accounts receivable 2 The equipment of book value 30.000 sold for cash $20,000 3 Liquidation expense $1,000 was pald. Instructions: 1 Prepare liquidation statements for the month of banuary 2019 2) Prepare the safe payment schedules for lanuary 2019
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