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Could you please tell me how I should fill out the schedule of safe PAYMENT of the partnership of John, Jane and TOM. THANKS IN

Could you please tell me how I should fill out the schedule of safe PAYMENT of the partnership of John, Jane and TOM. THANKS IN ADVANCE.

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Dissolution of Partnership The residual profit of loss is divided in a ratio of 30% to John, 50% to Jane, and 20% to Tom. Assume that on 12/31/18, the partnership is dissolved. On that date, after closing the books, the following information is available: During the month of January 2019, assets with a book value of $180,000 were sold for $210,000. Other fixed assets turned out to have no value as of January 31, 2019. Prepare a schedule of safe payments as of January 31, 2019. Partnership of John, Jane, and Tom Schedule of Safe Payments January 31, 2019 Cash Notes PP&E liabilities Capital, Capital, Capital, Receivable John Jane Tom Balances before dissolution $160,000 $50,000 $700,000 $110,000 $200,000 $400,000 $200,000 ---- saleofassetssranuarv ----- Paymentof'iabries ----- Loss on other assets Sate payment to partners l

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