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liquidation 1 and 2 please P12-6A Liquidation 1, inventory sold for $600,000 5070 339. 79. Kendra Cogley Mei Cash Inventory A/P Capital Beginning $ 180,800
liquidation 1 and 2 please
P12-6A Liquidation 1, inventory sold for $600,000 5070 339. 79. Kendra Cogley Mei Cash Inventory A/P Capital Beginning $ 180,800 $ 537,200 $ 245,500 $ 93,000 $ 212,500 $ 167,000 balances Sale of inventory Gain/Loss allocation Capital deficit(s) Payment of liabilities at BV Totals Cash distributed Account? Liquidation 2, inventory sold for $500,000 501 339 79 Kendra Cogley Mei Cash Inventory A/P Capital Capital Capital Beginning $ 180,800 $ 537,200 $ 245,500 $ 93,000 $ 212,500 $ 167,000 balances Sale of equipment Gain/Loss allocation Capital deficit(s) Payment of liabilities at BV Totals Cash distributedStep by Step Solution
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