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Record the following journal entries: Record the sale of inventory. Record the cash paid for liquidation expenses. Record the settlement of liabilities. Record the cash
- Record the following journal entries:
- Record the sale of inventory.
- Record the cash paid for liquidation expenses.
- Record the settlement of liabilities.
- Record the cash received from accounts receivables.
- Record the distribution of safe cash to partners.
- Record the cash received from balance accounts receivables.
- Record the distribution of cash received from sale proceeds of land, building and equipments.
- Record the settlement of balance liabilities.
- Record the distribution of cash in hand to partners.
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