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please complete the entire sum David Wolloce, Olena Dunn, and Danny Lin were parthers in e commetciol architect firm and showed the foliawing account balances
please complete the entire sum
David Wolloce, Olena Dunn, and Danny Lin were parthers in e commetciol architect firm and showed the foliawing account balances os of December 31,2023 Due to several unprofitable periods, the parthers decided to liquidate the parneiship: The equipment wos sold for $64,000 on January 1,2024 The parthers share any profit (loss) in the rotio of 211 for Wollace. Dunh arid tin respectivey Required: 1. Complete the schedule (Negotive snowers should be indiceted by a minus aign.) 2. Prepare the liquidation entries isale of equlpment, afocation of gainhoss, poyment of creditors, fingl distribution of cast). Journal entry worksheet Recard the sile of tquigment. 2. Prepare the liquidation entries (sale of equipment, allocation of gain/loss, payment of creditors, final distribution of cash). Journal entry worksheet 4 Reccord the distribution of gain/loss on sale of equipment to partners. 2. Prepare the liquidation entries (sale of equipment, allocation of gain/loss, payment of creditors, final distribution of cash). Journal entry worksheet Record the payment to creditors. Notei Inter sebits before credits. 2. Prepare the liquidation entries (sole of equipment, allocation of gain/loss, payment of creditors, final distribution of cash) Journal entry worksheet 1 Record the distribution of remaining cash to partners. Netwi Entar Sesita teffors erodits Step by Step Solution
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