Current Attempt in Progress

The Zhuzer Company at December $31$ has cash $$57,000,$ noncash assets $$253,000,$ liabilities $$133,000,$ and the following capital

balances: Zhu $$114,000$ and Zerkel $$63,000.$ The firm is liquidated, and $$267,000$ in cash is received for the noncash assets. Zhu and

Zerkel income ratios are $70\%$ and $30\%,$ respectively.

Prepare the entries to record: $($Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit

entries before credit entries.$)$

$($a$)$ The sale of noncash assets.

$($b$)$ The allocation of the gain or loss on liquidation to the partners.

$($c$)$ Payment of creditors.

$($d$)$ Distribution of cash to the partners.