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can you help me with excersise 11-14 please Hall, Capit Halland 25 ment assuming the equities of the partnership on October 14 are: Roberts $300,000:
can you help me with excersise 11-14 please Hall, Capit Halland 25 ment assuming the equities of the partnership on October 14 are: Roberts $300,000: Peters. $400,000: MacDonald, $120.000 Roberts, S100,000: Peters, $120.000: MacDonald, S160,000 Roberts, 5130,000: Peters, S160,000: MacDonald, 560,000 Exercise 11-14 Liquidation of a partnership LOS Xcel David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31, 2020: ng unrelated Accum. Deprec. Accounts Equipment Equipment Payable David Notes Wallace, Payable Capital Olena Dunn Capital Danny Lin, Capital Cash 2020 Account balances 1020 $21.400 $164,000 $93.000 $7.400 $16.000 $35,000 $18,000 $16.000 Sale of Equipement is admit inrelated Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold, for $60,000 on January 1, 2021. The partners share any profit loss) in the ratio of 2:1:1 for Wallace. Dunn, and Lin, respectively. Required 1. Complete the schedule. 2. Prepare the liquidation entries (sale of equipment, allocation of gain/loss, payment of creditors, final dis- tribution of cash)
can you help me with excersise 11-14 please
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