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How to solve this accounting question? How to solve this journal? Question 35 ( 20 marks) Rem/Description Curly, Larry and Moe decided to Ii-quidate the
How to solve this accounting question? How to solve this journal?
Question 35 ( 20 marks) Rem/Description Curly, Larry and Moe decided to Ii-quidate the the CLMppantnIrshiD number 11 Minimum ml, and go their separate ways. The partners share income andlussesm a lszmmrupie'cdmtv, As "am 31, the partnership had cash of 518,000, non-cash assets of Smmo, andaman" disfim. am mama non-cash assets, the partners had capital balances of 545000, SEEM, m'mm assets were sold for $82,000. Required: (1) Prepare journal entries to record'wtha "idf-"flu partners have the personal resaurcesmcover maem'mm umaunmumx (2) Prepare journai entries-to remtdmerfiugmodflhbifl'dfm partners dg go; have thepersona'lresnurmstpem mmmm a **'* Explanations are notwqulrlfilamd'fjm, . ' note: There are no marks allocated to the L': , rf?- for your convenience mtv.EIIIIIIIIIIIII IIIIIIIIIIIII E 8 iii. 'E r ) Li- % i 1 9 ! + w .f . u 1'...,.. , My." mw, u....m Genoral Journal Ianatlon E d n i ' 2 m T t n u 0 c c A . MW... Wa...- - * g u. EE u m w m ==-====Step by Step Solution
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