Can I please have someone check this problem to ensure that I have completed it correctly? Thank you very much.

Description Balance As of 11/01/2019 Amount Realized from Asset Liquidation Loss Allocation ($80,000) Balance Forward Payment of Liabilities Balance Forward Cash Distributions Ending Balance CP 12-5 The following balance sheet is for the partnership of Able, Brown, and Crown at November 1, 2019. Assets Liabilities Cash S 20,000 Accounts payable S 50,000 Othe r assets 180,000 Partners' Capitol Able, capital $37,000 Brown, capital 65,000 Crown , capital 48 000 150,000 $200,000 $200,000 The profit and loss sharing ratio is Able 40%; Brown: 40%, and Crown: 20%. The partnership is dissolved and liquidated during November by selling the other assets for $100,000 and paying off the creditors. Required: 1. Prepare a schedule of partnership liquidation for the month ending November 30, 2019. Assume any capital deficiency is absorbed by the other partners. 2. Prepare the iournal entries to record the dissolution. ABLE, BROWN, & CROWN SCHEDULE OF PARTNERSHIP LIQUIDATION MONTH EN DING NOVEMBER 30, 2019 Cash NonCash Assets Liabilities Able 40% S 20,000 S 180,000 S 50,000 S 37,000 S S 100,000 S (180,000) 5 (32,000) 5 S 120,000 S - S 50,000 S 5,000 S $ (50,000) 5 (50,000) 5 70,000 5 _ S (70,000) S 5,000 S S - S - S - S - $ ABLE, BROWN, & CROWN GENERALJOURNAL Date Description Debit Credit 11/30/2019 Assets - Loss Allocation S 80,000 Cash S 100,000 Non-Cash Assets S 180,000 Record Sale of Non-Cash Assets 11/30/2019 Partner Capital - Able (40%) S 32,000.00 Partner Capital - Brown (40%) S 32,000.00 Partner Capital - Crown (20%) S 16,000.00 Assets Loss Allocation S 80,000.00 Record Loss Allocation on Non-Cash Asset Sale 11/30/2019 Accounts Payable S 50,000.00 Cash $ 50,000.00 Record Payment of Outstanding Liabilities 11/30/2019 Partner Capital - Able S 5,000.00 Partner Capital - Brown S 33,000.00 Partner Capital - Crown S 32,000.00 Cash S 70,000.00 Record Cash Distributions to Partners at Liquidation Capital Brown 40% 65,000 $ (32,000) $ 33,000 33,000 S S 5 Crown 20% 48,000 (15,000) 3 2,000 3 2,000