I need the statements of partners liquidation and journal enteries. Thank you!

cash baiance is 331,750 , the book values of noncash assets total $128,930, and lablities lotal 520.380. The parthers ahare income and losses in the ratio of 2.2.1. Pequired: 1. Prepare a statement of parthership liquidation, covering the period November t-30, for aach of the following independent assumptions: a. A of the noncash assets are soid for $156, 660 in cash, the creditors are paid, and the remaining cash is distributed bo the partrers . b. All of the noncash assets are sold for $55,470 in eash, the credtors are paid, the parther with the dobit capital balance pays the amount owed to the firm, and the remaining cash is distributed to the partners." "Be sure to camplete the statement heading. Aefer to the lsts of Labels and Amount Descriptians for the oxact worfing of the answer choices for text entries. For those boxes in which you must erier subtracted or negative numbers (bulance deficlencies, puyments, eash distributions, divisions of loss), use a minus sign. M there is no amount to be reported for sale of assets, payment of labulities, recept of deficiency, or cash distribution rows, the cell can be left blank. Howiver, in the balance rows, a balance of zaro MUST be indicated by antering "O". 2. Assume the parther with the capital deficiency in part (b) declares bankruptcy and is unable to pay the defciencyc Joumatize the entries on Nov. 30 to (a) allocate the parther's deficiency and (0) distribute the remaining cash. Feler to the chart of accounts tor the exact wording of the foumals will automatically indent a credit entry when a crodit amount is entered. 1. a. Prepare a stafement of patnership liquidetion, covering the peviod November 130. Assume that all of the noncash assets are sold for $156,660 in cash, the creditors are paid and the remaining cash is distributed to the partners. Be sure to complete the statement heading. Fefor to the lists of Labels and Amount Descriptons for the exact northig of the answer choices for fext entriess. For those boves in which you must enter subtractod or negative numbers (balince deficiencies, payments, cash distributions. divishons ar lass). use a minus sign. If there is no amount to be reported for sale of assets, payment of liabilitos, roceipt of deficiency, ar cash distribution rows, the cell can be tell biank, Hiowever, in the balance rows, a balance of zero MUST be indicated by ontoring ' '. 1. b. Prepare a statement of partnership liquidation, coverng the period Nowember t30. Assume that al of the noncash asseds are sold for $55,470 in cash, the creditors are paid, the iste of Labets and Amount Deseripbions for the exact wording of the answer chaices for hext nitries, For those boxes in which you must enter subtracted or negatve numbers (baience) defictencies, payments, cash distributions, divisions of lass), use a minus sign. If there is no amount to be reported for ade of assete, payment of habieties, rectipt of deffeiency, ar cash distribution rows, the cell can be left blank. However, in the balance rows, a balince of zero susst be indicated by entering to: 2. Assume the partner with the oapital deficiency in pavt (b) declares bankuptcy and is unable to pay the deficiency. Joumalize the entries on Nov. so so (a) ablocate the partherts deficlency and (b) distribute the remaining cash. Pefer to the chart of acoounts for the exact wording of the account bites. CNOW joumals do not use ines for joumaf explanstions Every line on a journal page is used for debit or creolt entries. CNOW fournals will automatealy indent a credt entry whan a credt anount is entered. Chart of Accounts CHART OF ACCOUNTS 2. Bowes, Simmons, and Ahmed General Ledger ASSETS REVENUE 110 Cash 410 Revenues 111 Petty Cash 610 Interest Revenue 112 Accounts Receivable 113 Allowance for Doub EXPENSES Instructions Chart of Accounts Jo 126 Accumulated Depreciation-Equipment 129 Asset Revaluations 2. de Ey LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Bowes, Capital 311 Bowes, Drawing 312 Simmons, Capital 313 Simmons, Drawing 314 Ahmed, Capital 315 Ahmed, Drawing Labels and Amount Descriptions Labels For Period November 1-30 For the Year Ended November 30 Amount Descriptions Balances after payment of liabilities Balances after realization Balances before realization Capital additions Cash distributed to partners Final balances Less partner withdrawals Net income for the year Payment of liabilities Receipt of deficiency Sale of assets and division of gain Sale of assets and division of loss