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ent of Partnsship Ladation wer the accounts are dust on Apr 10, per to dating same, the Capital scists of Zach Frst. Audio Lown, and
ent of Partnsship Ladation wer the accounts are dust on Apr 10, per to dating same, the Capital scists of Zach Frst. Audio Lown, and Abel Honor 300, 000, width with it, and deficiency to the partoand, and the Sabitties are paid Required Asa ww Sabra Ausganger e Ody Fecept of datoeric Can diatributed to partars 2. As the partner with the capital cars barnt and is inatis to pay the aficiancy ACCDAT PERIT QUEDIT ACCOUNT CHEDET -AC020 Cengine a nment/takeAssignmentMandolinokereignmentSessionLocator progress ock fter the accounts are dosed on April 10, prior to aiding the art the capitals of Zach Faces and brand are 133.700,000 and 125ctively Cash and cash at deficiency to the partnership, and the abilities are d Required Balances Gefore Balances before realization Sale of assets and division of Balances after realation Payment of labitin Balances after payment of Map of Balances Canted to partinans EN, UNWONG DI 1601, ale of assets) as segative members using a minus sign. If there is no amount or an amount is zero, enter "0" Fairchild, Lowes and Howard Statement of Portiors in Liquidation For Period April 10-10/ Noncash Cash Assets Liabilities Tsirchild, capital (4/4) Low capital Howard Capital (2/4) rina balances 2. Assume the partner with the capital deficiency declares bankruptcy and is unable to pay the deficiency. a. Journalize the entry to allocate the partner's deficiency. For a compound transaction, an amount box does not require an entry, leave it blank. ACCOUNT DEBIT CREDIT b. Journalize the entry to distribute the remaining cash. For a compound transaction, if an amount box does not require an entry, leave it blank. ACCOUNT Check My Work DEBIT CREDIT
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