Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 60:40 basis, respectively. wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $5,000. At the date the partnership ceases operations, the balance sheet is as follows: Cash Noncash assets Total assets $47,000 Liabilities 125,000 Alex, capital Boss, capital $172,000 Total liabilities and capital $ 35,500 75,000 61,500 $172,000 Part A: Prepare journal entries for the following transactions that occurred in chronological order. a. Distributed safe cash payments to the partners. b. Paid $21,300 of the partnership's liabilities. c. Sold noncash assets for $136,500. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $14,200. f. Paid $3,700 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Part B: Prepare a final statement of partnership liquidation. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries for the following transactions that occurred in chronological order: (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Distributed safe cash payments to the partners. b. Paid $21,300 of the partnership's liabilities. c. Sold noncash assets for $136,500. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $14,200. f. Paid $3,700 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. View transaction list Journal entry worksheet Record the initial distribution of available cash based on safe capital balance. Note: Enter debits before credits Transaction a. General Journal Debit Credit Record entry Clear entry View general journal Show less A