May 31 - Assets Cash Inventory Liabilities and Equity $ 83,400 Accounts payable 546,600 Kendra, Capital Cogley, Capital Mei, Capital $630,000 Total liabilities and equity $246, eee 76,880 172,800 134,400 $630,000 Total assets Required: 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. (Do not round intermediate calculations. Amounts to be deducted or losses should be entered with a minus sign. Round your final answers to the nearest whole dollar.) (1) Inventory is sold for $609,000. (2) Inventory is sold for $457,200. (3) Inventory is sold for $351,600 and any partners with capital deficits pay in the amount of their deficits. (4) Inventory is sold for $244.800 and the partners have no assets other than those invested in the partnership. Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 11G)22 G) 133G) Prepare journal entries to record the inventory is sold for $609,000 View transaction list Journal entry worksheet Record the sale of in Note: Enter debits before che delete- Required: For each of the following scenarios, complete the schedule allocating the gain the sale of inventory. Prepare journal entries to record the below transactions. round intermediate calculations. Amounts to be deducted or Losses should with a minus sign. Round your final answers to the nearest whole dollar.) (1) Inventory is sold for $609,000. (2) Inventory is sold for $457,200. (3) Inventory is sold for $351,600 and any partners with capital deficits pay in the a of their deficits. (4) Inventory is sold for $244,800 and the partners have no assets other than those invested in the partnership. Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 1 G 2 2 G 3 3 G) 4 4 GJ Prepare journal entries to record the inventory is sold for $609,000. View transaction list Journal entry worksheet Allocate the gain(loss) on the sale of inventory to the Note Enter debits before credits General Journal JU L IJ U TELUPU the below transactions. (Do round intermediate calculations. Amounts to be deducted or Losses should be en with a minus sign. Round your final answers to the nearest whole dollar.) (1) Inventory is sold for $609,000 (2) Inventory is sold for $457,200. (3) Inventory is sold for $351,600 and any partners with capital deficits pay in the amour of their deficits. (4) Inventory is sold for $244,800 and the partners have no assets other than those invested in the partnership. Complete this question by entering your answers in the tabs below. Required Required Required Required Required Required Required Required 1 1 G) 2 2 G 3 3G) 4 4 GJ Prepare journal entries to record the inventory is sold for $609,000. View transaction list Journal entry worksheet