S12-11 (similar to) Question Heip The Maxwell & Keeler partnership has the following balances on June 30, 2018 EE (click the icon to view the balances ) Maxwell and Keeler share profits 3-1, respectively Maxwell and Keeler deoade to liquidate the partnership, Journaize the sale of the non cash assets for $17,500, the payment of the habiltes, and the payment to the partners (Record debits tirst, then credits Select the explanation on the last line of the journal entry tabla.) Journalize the} %ade of the non-Catsh assets for $17.500 Data Table Date Accounts and Explanation Debit Credit 2018 Jun 30 Cash Maxwell and Keeler Balance Sheet June 30, 2018 Loss on Disposal Non-cash Assets Assets Liabilities To record the sale of Non-cast Assets at liquidaton Cash 20,000 ts Payable S 25,000 Non-cash Asser h s 22, Partners' Equity Maxwell, Captal Keeler, Capital Total Partners' Equity 8,500 9,000 17,500 S0 iablites and Partners'Equity Total Assets