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Featernent of Fartherhio Lquidaboh Reguired: 2. Assume the partner aith the capical delicency in part (b) declares bankruptcy and is unable to pay the deficiency.

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Featernent of Fartherhio Lquidaboh Reguired: 2. Assume the partner aith the capical delicency in part (b) declares bankruptcy and is unable to pay the deficiency. a. Xeurnalize the entry to allocate the perther's deficiency. For a compound transaction, if an amount box does not movire an entor. leave ir bient. 2. Assume the partner with the capital defciency in part (b) declares bankruptcy and is unable to pay the deficiency. a. Sournaize the entry to allocate the partner's deficiency. For a compound transaction, It an amount box does not require an entry, leave it sank. b. Joumalize the entry to distribute the remaining cash. For a compound transaction, if an amount box does not require an entry, leave it blank

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