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please assist me as i am lost with this. Partrership A. H. and C it a law firm. You hare been entaged as accountant to

please assist me as i am lost
with this.
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Partrership A. H. and C it a law firm. You hare been entaged as accountant to prepare financial ataterments for the wear thidrd Detcem ber 32. 2019. The partnerk. Hat balance is thown on the "zes Tr. Eal." pate (1ee tab below). isalary nxpenser' fisted on the friat balance are each partners' withdrawats for the yeaf. Partnehhip profis are allocated baned firt on salanes, then on interest on opening capital halances, then on a fixed ratio. Hitcueved 1. Prepare year-end adjucting entries. No desouptions are nectessary. 2 Allocate paarthership profit or tosis to each partner, Prepare the necessary adjuiting chtry. 3. Post the adjunting entries and cemplete the trat bulance. 4. Drepere an income staternent and atatement of partnes's cypital for the year anded. December 13. 2619 and a balance sheet at Decieinbes 31 . On Beceenber 31, 2020 new partiner 0 invents other assets into the partroership for a one4iarter ownership Interest. An equel amourt of capital is contributed by A. B, and c. to make up the ifiference: Ae Becamhan at, 2000 , the martwers' capital balances are as falliover: Fair walue of other assets trom 2 . 350,000 h. Imanediately after thls, partner C withdraws frcen the partnership. Shut is paid in cash the balarice la her capital account plurs a bomer, centributed equalhy from the capital balances of R. II, and D. Bonus paid to c Aerawined 5. Prepare fecessary adjusting entries at Decemiter 31, 2020 to recund the admilsice of paatruer D and the wlthitraneal of partiner c. Shopw all calcularions. The trial balance of A, B, and D at December 31, 2021 after all adjustments have been made is as follown: On Jamary 1. 2022 the partnership is liquidated. Crther assets are sold for: 5144.000 Gains and losses are liculdated in a ratio of: Rryudred 6 Mrint out the "Fart. Ligx." page (see tab belem). Complete the schedule. Aasume any partner deficiency fuebit balancel is repeid with cash by the applicable partreer. 7. Frepare the pournal dntries to recerd the liguidation. Calibri (Body) 12AA B f fx A. B, ard C GENERAL, 1OUNRAL Description Hit 7. to updite formulas for set your formulas to automathalhy update) incut values Hif F9 to update formulas for set your fomsias to automatically topdate) A, B, and C for the Year Rnded becember it, 2013. hal at ian 1. 2049 Bei at Dece. 11, Zais A. Br and D Statement of Partnership Liquidation For the Day Ending laruary 1, 2022

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