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Selected accounts from the Pearson, Gomez, and Litt Partnership adjusted trial balance for the year ended December 31 follow. Accounts payable Cash Land Pearson, Capital

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Selected accounts from the Pearson, Gomez, and Litt Partnership adjusted trial balance for the year ended December 31 follow. Accounts payable Cash Land Pearson, Capital $ 6,800 58,000 43,000 48.000 Accounts receivable Gomez, Capital Long-term notes payable Litt, Capital $31,600 33,000 38,000 6,800 Prepare a classified balance sheet. PEARSON, GOMEZ, AND LITT PARTNERSHIP Balance Sheet December 31 Assets Current assets Total current assets Plant assets 0 Total assets $ 0 Liabilities Current liabilities Assets Current assets 0 Total current assets Plant assets Total assets $ $ 0 Liabilities Current liabilities Long-term liabilities Total liabilities 0 Equity Total liabilities and equity $ 0 Biz Partnership allows partner Mandy to sell her $110,000 equity in the partnership to Brittney, Brittney pays Mandy $88,000. Record the partnership's journal entry for the sale of Mandy's interest to Brittney on September 30, View transaction list Journal entry worksheet 1 Record the admission of Brittney as a partner who will pay Mandy $88,000 for her share of equity of $110,000. Note: Enter debits before credits General Journal Date Sept 30 + Debit Credit Record entry Clear entry View general Journal

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