Problem 12-03A a-c (Part Level Submission) (Video) The partners in Blossom Company decide to liquidate the firm when the balance sheet shows the following. Blossom Company Balance Sheet May 31, 2020 Assets Liabilities and Owners' Equity Cash $29,900 Notes payable $13,500 Accounts receivable 24,000 Accounts payable 27,500 Allowance for doubtful accounts (1,400) Salaries and wages payable 3,900 Inventory 34,100 A. Jamison, capital 32,500 Equipment 20,200 S. Moyer, capital 20,950 Accumulated depreciation-equipment (5,900) P. Roper, capital 2,550 $100,900 $100,900 The partners share income and loss 5:3:2. During the process of liquidation, the following transactions were completed in the following sequence. 1. A total of $51,450 was received from converting noncash assets into cash. 2. Gain or loss on realization was allocated to partners. 3. Liabilities were paid in full. 4. P. Roper paid his capital deficiency. 5. Cash was paid to the partners with credit balances. (b) Post to the cash and capital accounts. (Post entries in the order of journal entries presented in the previous part. If ending balance is O enter 0 in the column for the normal balance for the account.) Cash . Bal. S. Moyer, Capital Bal.. 0 A. Jamison, Capital 0 Bal. P. Roper, Capital Bal. 0 Click you would like to Show Work for this question: Open Show Work