Part C (2021 and 2022)

Adjusted Balances

Account Title Debit Credit

Cash 83,000

Other Assets 80,000

Accounts Payable 140,000

A, Capital 7,000

B, Capital 7,000

C, Capital 9,000

163,000 163,000

On January 1, 2022 the partnership is liquidated.

Other assets are sold for: $ 144,000

Gains and losses are liquidated in a ratio of:

A 3 New Assignment A is 2

B 2 New Assignment B is 3

D 5

Required

6 Print out the "Part. Liqu." page (see tab below). Complete the schedule. Assume any

partner deficiency (debit balance) is repaid with cash by the applicable partner

7 Prepare the journal entries to record the liquidation.

** Need Assistance with Assignment 12 Part C new recent assignment has the figures switch would like to see the full assignment with the figures to see where the new numbers changed amounts