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A, B and C are partners and sharing income and loss in a 3:2:1 ratio respectively. They decided to liquidate the partnership. Before the final distribution of the remaining cash to the partners, A has a capital balance of $ (90,000), B has a capital balance of $216,000 and C has a capital balance of $144,000. Cash balance is $270,000. A paid the amount he owes the partnership. Required: Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE " BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000

L Moving to another question will save this response. Question 1 of 13 Question 1 1 points Save Answer Sitra Trading Company is required by law to collect and remit sales taxes to the government Sitra has $ 32,000 of cash sales that are subject to an 4% sales tax. The journal entry to record the cash sales includes: O A. Debit: Cash $ 32,000, Credit: Sales Revenue $ 30.720 & Sales Taxes Payable $ 1.280 O B. Debit: Cash $ 32,000 & Sales Taxes Payable $ 1.280: Credit Sales Revenue $ 33,280 O c. Debit Cash $ 33,280; Credit Sales Revenue $ 32,000 & Sales Taxes Payable $ 1.280 O D. Debit : Sales Revenue $ 30,720 & Sales Taxes Payable $ 1,280. Credit: Cash $ 32.000 Remaining Time: 1 hour, 38 minutes, 21 seconds. Question Completion Status: L Moving to another question will save this response. Question 9 Amwaj Indstrial Co. purchased an equipment for $360,000 on 1 Jan 2020. It is estimated that the equipment will have a 10-year useful life or salvage value at the end of useful life is estimated as $10 000 Required: Compute the depreciation expense for the year ended December 31, 2020, using the following methods of depreciation. CALCULATIONS): 1. Straight-line method of depreciation. 2. Units-of-production method of depreciation assuming that the company produced 44,000 units in 2020. 3. Double-declining-balance method of depreciation. For the toolbar, press ALT+F10 (PC or ALT+FN+F10 (Mac). B I Paragraph Arial 10pt V I MINE DE A . x? X2 T T 1 2 E E 6