a general partner in a partnership

ACK NEXT 181 the Zhuzer Company at December 31 has cast50,000 noncash assets $250,000 liabilities $138 000, and the following capital balances Zhu S112 000 and Zerkel $50,000. The firm is hou dated. and tas,000 ash is receved for the norosh assets. Zhu and Zerkel income ratios are 60% and 40%, respectively. Prepare the entries to record: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The sale of noncash assets (b) The (c) Payment of creditors. of the gain or loss on liquidation to the partners. (d) Distribution of cash to the partners