Partners in the ABCD Partnership decided to dissolve their partnership. On that date, the partners had the following pre-liquidation capital balances:

Partner A	$28,000
Partner B	41,000
Partner C	18,000
Partner D	12,000

A, B, C, and D share residual profits and losses in a 4:3:2:1 ratio.

Liabilities at the date of dissolution total $100,000, and noncash assets equal $105,000. During the first month of liquidation, assets having a book value of $55,000 were sold for $31,000. During the second month, assets having a book value of $32,000, were sold for $28,000. During the third month, the remaining unsold assets were determined to be worthless. The partners receive the maximum allowable payment at the end of each month.

Submission Requirements:

Part 1: Using the Excel spreadsheet, prepare an installment liquidation schedule along with supporting safe payment schedules.

Part 2: Prepare a PowerPoint presentation to the partners revealing the results of your accounting work. The presentation should include at least 10 slides. Incorporate a visual of the partnership financials into the presentation.

				40%	30%	20%	10%
Debit (Credit)		Noncash		Partners' Capital Accounts
	Cash	Assets	Liabilities	A	B	C	D
Balance prior to liquidation
Sale of noncash assets in month #1
Installment distrib to Partners #1
Sale of noncash assets in month #2
Installment distrib to Partners #2
Write off noncash assets in month #3
Pay creditors
Post-liquidation balances	0	0	0	0	0	0	0