Ch 12-3 Exercises and Problems 1. EX.12-01.BLANKSHEET.AL... 2. EX. 12-03.ALGO 3. EX.12-07.ALGO 4. EX.12-08.ALGO 5. EX.12-10.ALGO 6. EX.12-12.ALGO 7. EX.12-18.ALGO After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $24,600, $35,100, and $15,600, respectively. Cash, noncash assets, and liabilities total $40,200, $65,100, and $30,000, respectively. Between July 1 and July 29, the noncash assets are sold for $51,900, the liabilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of 3:2:1. Prepare a statement of partnership liquidation for the period July 1-29. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign. If an amount is zero, enter in "O". Gold, Porter, and Sims Statement of Partnership Liquidation For the Period Ending July 1-29 Noncash Capital Capital Capital Cash + Liabilities Gold Assets Porter Sims (3/6) + (2/6) + (1/6) Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances 8. EX.12-22.ALGO 9. EX.12-23.ALGO $ Progress: 9/9 items Check My Work 2 more Check My Work uses remaining Previous heim