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Could someone help me 1.) Prepare an example predistribution plan, 2.) Prepare journal entries to record liquidation transactions, and 3.) Prepare an example liquidation schedule.

Could someone help me 1.) Prepare an example predistribution plan, 2.) Prepare journal entries to record liquidation transactions, and 3.) Prepare an example liquidation schedule. I just need something to look at as an example. Thank you!

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The partnership of Wingler, Norris, Rodgers, and Guthrie was formed several years ago as a architectural firm. Several partners recently had personal financial problems and decided to terminate operations and liquidate the business The following balance sheet summarized It's financial information on January 5 at the beginning of this process: Cash $17,000 Liabilities $79,000 Accounts Receivable 80,000 Rodgers, Loan 25,000 Inventory 100,000 Wingler, Capital 141,000 Land 57,000 Norris, Capital 100,000 Building and Equipment (net) 193,000 Rodgers, Capital 62,000 Total Assets 447,000 Guthrie, Capital Total Liabilities and Capital 447,000 The estimated liquidation expenses were 18,000 Profit and loss allocation ratio according to the provisions of partnership agreement: Wingler 40% Norris 20 Rodgers 10% Guthrie 30% The following transactions occurred during the liquidation: Jan. 14 Collected 70% of the total accounts receivalbe with the rest judged to be uncollectible 709 Feb. 23 Sold the land, building and equipment for 180,00 0 Mar. 1 Made safe capital distributions Mar.29 Learned that Guthrie became personally insolvent Apr, 3 Paid all liabilities Jun. 30 Sold all inventory for 55,000 Jul. 1 Made safe capital distributions again Sep. 26 Paid liquidation expenses 15,000 Nov. 4 Made final cash distrubtions to the partners based on the assumption that all partners except Guthrie are personally solvent

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