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DHG tilt is now 1/1/2024, sadly the Honesty Rules partnership is coming to an end since one of them was found out to be dishonest!

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DHG tilt is now 1/1/2024, sadly the "Honesty Rules" partnership is coming to an end since one of them was found out to be dishonest! 2 Since they are terminating the partnership, they will no longer get a salary nor will they get interest on their capital account. On 1/1/2024 the balance sheet for "Honesty Rules"s 400,000 cash a/r land building net equipment net 40,000 200,000 400,000 $00,000 accounts payable Trump capital Clinton capital Mueller capita 500,000 100,000 640,000 500,000 total assets total lia equity 1,640,000 On 1/1/2024 what (if any) safe payments can each partner take? On 1/28/2024 Honesty Rules sold the land for $300,000 cash. After this sale of land what (if any) safe payments can each partner take? Assume no partner has taken any safe payments yet 5 8 9 0 DHG s On 1/1/2024 what (if any) safe payments can each partner take? On 1/28/2024 Honesty Rules sold the land for $300,000 cash After this sale of land e what lif any) safe payments can each partner take? Assume no partner has taken any safe payments yet On 2/24/2024 Honesty Rules sold the receivables for $150,000 cash. After this sale what if amy s safe payments can each partner take? Assume no partner has taken any safe payments yet s On 3/3/2024 Honesty sold the equipment for $300,000. What if any safe payments can each partner take? Assume Mueller has taken any safe payments to which he is entitles and the other partners haven't ta On 4/1/2024 Honesty sells the building for $500,000 and pay off the account payable z All partners are insolvent so if no partner has ever taken a safe zs the termination of partnership? payement how much does each partner get at o 4/1/2024... .All partners are solvent so they can cover any shortages in their partnership accounts 1 How much does each partner get (or pay) after the building is sold and the accounts payables are paid off 8 5 ENTER

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