Need Help with Part C with Journal Entry all 1 to 7

The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances Cash Noncash assets $ 64,000 Liabilities 38,000 150,000 40,000 85,000 $313,000 249,000 Frick, Wilson, Clarke, capital (60%) capital capital (20 (20%) Total assets $313,000 Total liabilities and capital Part A Prepare a predistribution plan for this partnership Part B The following transactions occur in liquidating this business 1. Distributed cash based on safe capital balances immediately to the partners. Liquidation expenses of $10,000 are estimated as a basis for this computation. 2. Sold noncash assets with a book value of $104,000 for $64,000 3. Paid all liabilities 4. Distributed cash based on safe capital balances again. 5. Sold remaining noncash assets for $56,000 6. Paid actual liquidation expenses of $8,000 only 7. Distributed remaining cash to the partners and closed the financial records of the business permanently Produce a final statement of liquidation for this partnership using the predistribution plan to determine payments of cash to partners based on safe capital balances Part C Prepare journal entries to record the liquidation transactions reflected in the final statement of liquidation Part C Prepare journal entries to record the liquidation transactions reflected in the final statement of liquidation. Complete this question by entering your answers in the tabs below. qired A Reduid Prepare journal entries to record the liquidation transactions reflected in the final statement of liquidation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 7 Record the entry for final cash payments made to partners based on ending capital balances. Note: Enter debits before credits. Transaction General Journal Debit Credit