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I need an examp le of or answer to the questions below for this assignment Kendra, Cogley, and Mei share income and loss in a

I need an example of or answer to the questions below for this assignment

Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio (in ratio form: Kendra, 3/6; Cogley, 2/6; and Mei, 1/6). The partners have decided to liquidate their partnership. On the day of liquidation, their balance sheet appears as follows.

Balance Sheet
Assets Liabilities
Cash $ 94,500 Accounts payable $ 257,000
Inventory 540,000 Equity
Kendra, Capital 75,500
Cogley, Capital 169,875
Mei, Capital 132,125
Total assets $ 634,500 Total liabilities and equity $ 634,500

Complete the schedule allocating the gain or loss on the sale of inventory is $613,800.

Prepare journal entries to record the inventory is sold for $613,800.

Prepare journal entries to record the inventory is sold for $613,800.

Prepare journal entries to record the inventory is sold for $478,800.

Complete the schedule allocating the gain or loss on the sale of inventory $257,400 and partners with deficits do not pay their deficits

Complete the schedule allocating the gain or loss on the sale of inventory $257,400 and partners with deficits do not pay their deficits

Complete the schedule allocating the gain or loss on the sale of inventory is $334,200 and partners with deficits pay their deficits in cash.

For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions.

Note: Do not round intermediate calculations. Enter losses and partner deficits, if any, as negative amounts.

Inventory is sold for $613,800.

Inventory is sold for $478,800.

Inventory is sold for $334,200 and partners with deficits pay their deficits in cash.

Inventory is sold for $257,400 and partners with deficits do not pay their deficits.

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