I think this is correct, but if I have something wrong that would be greatly appreciated.

Debit (Credit) Balance prior to liquidation Sale of noncash assets in month #1 Installment distrib to Partners #1 Sale of noncash assets in month #2 Installment distrib to Partners #2 Write off noncash assets in month #3 Pay creditors Post-liquidation balances Partners in the ABCD Partnershi Partner A Partner B Partner C Partner D Cash Noncash Assets Partners' Capital Accounts Liabilities 31,000 100,000 decided to dissolve $28,000 41,000 18,000 12,000 11,200 11,600 41,000 9,300 28, 700 6,200 3,100 1,800 10,000 A B C, and D share residual profits and losses ina Liabilities at the date of dissolution total $100,000, and noncash assets equal $105,000_ During the first month of liquidation, assets having a book value of $55,000 were sold for $31 ,000_ During the second month, assets having a book value of $32,000, were sold for $28,000_ During the third month, the remaining unsold assets were determined to be worthless. The partners receive the maximum allowable ment at the end of each month.