Bob and Ted are partners. Bob is a 70 % partner and Ted is a 30 % partner. They have decided to liquidate the partnership. Liquidation expenses are estimated to be $ 6,000. The partnership balance sheet at the date of liquidation is as follows:

Assets:

Cash $60,000

Non-cash assets $180,000

Total assets $240,000

Liabilities and capital:

Liabilities $15,000

Total Capital $225,000

Total liabilities and Capital $240,000

As of the date of liquidation, Bob has 80,000 of capital and Ted has 145,000 of capital

Prepare journal entries for the following transactions (SHOW ALL WORK)

A.) Distributed safe cash payments to the partners

B.) Paid the liabilities in full

C. ) Sold noncash assets for 150,000

D.) Distributed safe cash payments to the partners

E.) Paid liquidating expenses totaling 4,000

F.) Made final distributions to the partners