Francal Accounting Ex13: Ammar, Salim, Rania who share income 4,3,1 ratio, plan to liquidate their partnership. At liquidation, their balance sheet appears bellow. Assets Cash Equipment Awal Partnership Balance Sheet Liabilities and Equity BD 120,000 Account Payable 45,000 Ammar Capital Salim Capital Rania Capital Total liabilities and BD 165,000 Equity BD 35,000 60,000 45,000 25,000 BD 165.000 Total Assets Required: prepare the journal entries for the liquidation partnership assuming that the business sold equipment in the market for BD 30,000. Date Debit Credit 22 Page A_Academy