assets total $$170,000,$ and liabilities total $$60,000.$ The partners share net income and losses in the ratio of $3$:$2$:$1.($Different

than lecture.$)$

If there is a defeciency assume the partner pays it$.$ Sold non$-$cash assets for $$80,000.$

Prepare the Statement of Partnership Liquidation fpr the period December $1-31,2014.($Format V$27$ Pg $610.)2.$ Journalize

the entries to record the liquidation outlined below, using Assets as the account title for the noncash assets and Liabilities as

the account title for all creditors' claims.

$12$ P$12-10$L Stmt Liq JE's of PS Liq $200$ pts

$($Note: All balances in any financial statement are "Normal" balances. $(v27pgpg63$

Example: Cash account overdrawn. Use format shown on Pages V$27$ Pg $610.$ All 'balance' lines have $$\text{'}$s Numeric formats: $$0$ and

$$xcx,x$ is "Currency" format, $x,x$ is "General $-$ comma". Do $$\text{'}$s and underscoring per pages referenced. $22$ pts for using Excel

Did you do the practice pr

Formulas wherever calculations are required.