amount of debits

AnsweCom 42 Answer Paul, Kris, and Nancy operate a small law firm under a limited liability partnership. How- ever, due to some internal conflicts, all the partners have agreed to end the partnership. The following items remained in the balance sheet on March 20, 2020 after all the assets have been liquidated. The net asset amount is also given in the table below. To record cash distribution among partner Net Assets sos.co Cash $429,000 Kis Capital $78.000 Nanty, Capita5202.000 Paul Capital 18.000 Prepare the journal entries to allocate any gain or loss due to the sale of assets, and to record cash distribution Do not enter dollar signs or commas in the input boxes Enter the debit accounts in alphabetical order Account Title and Explanation Debit Credit Date Mar 10 . Answed . Answed Ano To allocate the pain or loss on sale of net Answe Mar 29 Answ CNN Answer Answed Paul, Kris, and Nancy operate a small law firm under a limited liability partnership. How- ever, due to some internal conflicts, all the partners have agreed to end the partnership. The following items remained in the balance sheet on March 20, 2020 after all the assets have been liquidated. The net asset amount is also given in the table below. Net Assets $468,000 Cash $429,000 Kris, Capital $78,000 Nancy, Capital $202,000|| Paul, Capital $188,000 Prepare the journal entries to allocate any gain or loss due to the sale of assets, and to record cash distribution. Do not enter dollar signs or commas in the input boxes. Enter the debit accounts in alphabetical order. Date Credit Account Title and Explanation Answer Kris. Capital Debit Answer Mar 20 Answer Nancy, Captal Answer Answer Paul Capital Answer Loss on Sale of Net Assets 39000 Answer Answer To allocate the gain or loss on sale of net assets Answer Mar 20 Answer Kris, Capital Nancy, Captal Answer Answer Paul Capital Answer Answer Cash 429000 Answer Answer! To record cash distribution among partners