Journal entry worksheet (1) 6 Paid actual liquidation expenses of $37,500 only. Note: Enter debits before credits; Journal entry worksheet (1) 23 5 Made final cash distributions to the partners. Note: Enter debits before credits. The following transactions transplre in chronological order during the liquidation of the partnership: 1. Collected 90 percent of the accounts recelvable and wrote the remainder off as uncollectible. 2. Sold the office equipment for $27,500, the building for $138,000, and the land for $180,000. 3. Distributed safe payments of cash. 4. Paid all tlabilities in full. 5. Pald actual liquidation expenses of $37,500 only. 6. Made final cash distributions to the parthers. Prepare journal entries to record these liquidation transactions. (if no entry is required for o transaction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Collected 90 percent of the accounts recelvable and wrote the remainder ofr as uncollectible. Wots: Enter debits betore coedits. The following transactions transpire in chronological order during the liquidation of the partnership: 1. Collected 90 percent of the accounts receivable and wrote the remainder off as uncollectible: 2. Sold the office equipment for $27,500, the bullding for $138,000, and the land for $180,000. 3. Distributed safe payments of cash. 4. Pald all liabilities in full. 5. Pald actual liquidation expenses of $37,500 only. 6. Made final cash distributions to the partners. Prepare journal entries to record these licuidation transactions. (If no entry is required for o tronsaction/event, select "No joumal entry required" in the first occount field.) Journal entry worksheet Collected 90 percent of the accounts receivable and wrote the remainder off as uncollectible. Noto: Enter debits tefoce credirs: Journal entry worksheet (1) Distributed safe payments of cash. Note: Entier debies before credits. Journal entry worksheet