Alex and Bess have been in parthership for many years. The partners, who share profits and losses on a 7030 basis, respectlvely, wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $4,000. At the date the partnership ceases operations, the balance sheet is as follows Part A: Prepare journal entries for the foliowing transactions that occurred in chronological order: a. Distributed safe cash payments to the parthers b. Paid $27,000 of the partnership's liabilities. c. Sold noncash assess for $205,000 d. Distributed sefe cash payments to the parthers. e. Paid remaining porthership liabiities of $18,000 4. Poid $2.000 in liquidation expenses; no further expenses will be incurred. 9. Distributed remaining cash held by the business to the partners. Part B: Prepere a final statement of partnership liquidation. Complete this question by entering your answers in the tabs bolow. Prepare joumal entries for the following transactions that cccurred in chronological arder (Do not round intermed ate caiculations. If no Penty is required for a transaction/event, select "No journal entry required" in the first acoount field. Oistributed sate cash powments to the parthers. b. Paid 527,000 of the partuership't liatilies c. Sold noncash assets for $205,000. 4. Didtributed safe cash parments to the partien. e. Paid remaining partnership labilates of 518,000 t. Paid 52,000 in liquication expenses; no further expenses will be insurred. 9. Distributed remaining cash held by the business to the partners. Journal entry worksheet