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s12-11 please show your work S12-11 (similar to) Question Help The Millman & Kebby partnership has the following balances on June 30, 2018 E(Click the

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S12-11 (similar to) Question Help The Millman & Kebby partnership has the following balances on June 30, 2018 E(Click the icon to view the balances.) Cancel Millman and Kebby share profits 1:1, respectively. Millman and Kebby decide to liquidate the partnership. Jounalize the sale for $17,500, the payment of the liabilities, and the payment to the partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) ash assets Journalize the sale of the non-cash assets for $17,500. Date Accounts and Explanation Debit Credit 2018 Jun. 30 Choose from any list or enter any numberr in the input fields and then click Check Answer Check Answer parts remaining Clear All ntr Data Table - X Millman and Kebby Balance Sheet June 30, 2018 Assets Liabilities Cash 12,000 Accounts Payable 22,000 Non-cash Assets 22,500 Partners' Equity Millman, Capital 7,500 5,000 Kebby, Capital 12,500 Total Partners' Equity S 34,500 Total Liabilities and Partners' Equity 34,500 Total Assets Print Done

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