Chapter 10 - HW Sve & Submit Check my work 6 Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 60:40, respectively wish to retire and he agreed to guidate the business Liquidation expenses are estimated to be $6.000. At the date the partnership centes operations, the balance sheet is as follow 10 Cash Hot assets $ 50, 150, Alex, citat ess. Cita 5 200.000 Total Vilties and capital 140,00 20, 20. $ 200,00 Total Part A: Prepare journal entries for the following transactions that occured in chronological order Distributed sale cash payments to the partners b. Paid $30,000 of the partnership's c. Sold noncash onsets for $160.000 d. Distributed safe cash payments to the partners e Pold remaining partnership les of $10,000 Paid $4,000 in liquidation expenses, no further expenses will be incurred 9. Distributed remaining cash held by the business to the partiet Part B: Protea final statement of partnership liquidation Complete this question by entering your answers in the tabs below, Koord Prepare Journal entries for the following transactions that occurred in Chronological order: Do not found intermediate close entry is required for travaitteet your neered in the first accootfeld) otor Hello Save & Exit Submit Check my work 6 Required Recured 10 Prepare foumal entries for the following transactions that occurred in chronological order (Do not found intermediate calculations. If no entry is required for a transaction/event, Belect "No Journal entry required in the first account field) a. Distributed safe cash payments to the partners b. Paid $30,000 of the partnership's liabilities 6. Sold noncash assets for $160,000 d. Distributed sale cash payments to the partners e. Pald remaining partnership liabilities of $10.000. f. Paid $4,000 in liquidation expenses no further expenses will be incurred. 9. Distributed remaining cash held by the business to the partners Show less View transactionist Helene Journal entry worksheet Record the initial distribution of available cash based on safe capital balance. Whether tots before creats Transaction General Journal Debit Cred Chapter 10 - HW Kortering Heio Save & ta Sub Check my werk 6 View transactions 10 Journal entry worksheet 4 5 7 > Record the intribution of available can do sed on sale capital balance o Transaction Cena D C Clearly View yeral Journal Require