Downes, Vardel, and Walden a liquidating their partnership Before sling these and paying the lines the capital balance Down 46.000 Varde $35,000 und Wuiden515,000. The poll-on-s-sharing di has been 21.1 for Downes, Vandell, and Walden, respectively. The partnership he $77 po cesk 145,000 mon cash and $25,000 accounts payable Read the requirements Requirement 1. Asuming the partnership is the month for $50.000, record the journal entries for the sale of non-ch, lection of generaton on the payment of the outstanding tables and the trution of remaining cash to partners. Record debits first, then credite Select the explanation on the line of the journal entrybie) Joumize the case of the non-cash assets for 150.000 Date Accounts and Explanation Debit Credit Dec 31 Journalize the location of the ganar low to the partners capital ou Date Accounts and Explanation Dec 31 Debat Cred Journaire the payment of the MacBook Air 50 $ 4 % 5 1 0 # 3 & 7 8 9 6 2 P O Y U T Q E W K K . F G D S Journaline the payment of the abilities Date Accounts and Explanation Dec. 31 Debit Credit Journalire the distribution of remaining cash to the partners Date Accounts and Explanation Dec. 31 Debit Credit Requirement 2. Assuring the partnership is the non-charsets for $20.000, record the journal entries for the sale of non cash, location or gain or less on liquidation, the payment of the outstanding and the remaining cash to partners. (Record debis first then credits. Select the explanation on the lastne of the journal entry table) Journalize the sale of the non-cash for $20,000 MacBook Air SE 4 # 3 $ 4 % 5 & 7 * 8 6 9 O P U R . Y E W tab K K H > 1 Requirement 2. Asuming the partnership to the non-coth as for $20,000, record the journal entries for the use of non-conhes, location of gain or los aniquitation, the payment of the standing lates, and the debution of remaining cash to partners. Record debits first, the credits. Select the explanation on the last line of the journal entry table) Journalize the sale of the non-cash assets for $20.000 Date Accounts and Explanation Debit Creo De 31 Joumain the won of the gain or to the processus Date Accounts and Explanation Dec. 31 De Cred Jou the payment of the MacBook Air 9 8 $ 4 % 5 # 3 7 6 2 O T YU 3 R 1 E Q Rob H G F D A S caps lock M B . IN X C