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o Downes, Vemdel, und Walden are boutating their partnership. Before selling the sand paying the lates, the capital balance Dew S48,006; Vandell, 535.000 und Walden, 19.000. The proftendione sharing ratio ha tom 2.1.1 for Dowe Vardel, and Walden respectively. The partnerships $77,000 cash. 345.000 non-costs, and $25,000 Read the remote Requirement 1. Assuming the partnership sell the non-cash stets for $50,000, record the jumal entries for the sale of non costants, allocation of pain or loss on liquidation, the payment of the outstanding inble, and to distribution of remaining cath to parerecord debit fost, then credits Select the explanation on the lastne of the journal entry) Jeumolire the sale of the non- channel for $50,000 Account and Explanation Date Debit Dec 31 Journalize the location of the gain or loss to the porter captacco Dute Accounts and Explanation Dec 31 Crede Journal the payment of the bes Choose from any store any number in the inputs and then continue to the most MacBook Air $ 4 % 5 & 7 6 8 9 2 3 O P W E Y U R T o G F K S D H lock Journalize the payment of the abilities Date Accounts and Explanation Dec. 31 Debit Credit Journalize the distribution of remaining cash to the partners Date Accounts and Explanation Debit Credit Dec 31 Requirement 2. Assuming the partnership sells the non-cassets for $20.000, record the joumalevries for the sale of non-cash assets, location of gain or loss on liquidation, the payment of the outstanding, and the dist remaining cash to partners. Record debit first, then credits Select the explanation on the last line of the jumatate Journalize the sale of the non-cash sets for $20,000 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air # 3 $ 4 % 5 & 7 6 8 9 P W E Q U Y R T Requirement 2. Asuming the partnership sells the non-cash for $20,909, record the joumal entries for the sale of non-ch, location of gain or loss on liquidation, the payment of the cutstanding liabilities, and the buton remaining cash to partners. (Record debits first, then credits Select the explanation on the last line of the journal entry table) Journalize the sale of the non-cash assets for $20,000 Date Accounts and Explanation Debit Credit Dec. 31 Joumalize the allocation of the gain or loss to the partners capital court Account and Explanation Dec 31 Date Debit Credit Jumle the payment of the abili Choose from any lat or enter any number in the outside and then continue to meet MacBook A $ 4. & 7 6 8 5 3 2 a P 1 U W T Y E 70 fab G H K F A D S caps lock B V Tex NM C Journalire the payment of the abilities Date Accounts and Explanation Dec. 31 Debit Credit Journalize the distribution of remaining cash to the partners. Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air BD OOO . ESC 4 # 3 % 5 & 7 6 8 2 4 E w Q R Y T tab Downes, Vardell, and Walden are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Downes 2:1:1 for Downes, Vardell, and Walden, respectively. The partnership has $77,000 cash, $45,000 non-cash assets, and $25,000 accounts payable Read the requirements capital balances are Downes $46,000; Vardell, $35,000; and Walden, $16,000. The profit-and-loss-sharing ratio has been d $25,000 accounts payable. Requirement 1. Assuming the partnership sells the non-cash assets for $50,000, record the journal entries for the sale of non-cash assets, allocation of gain remaining cash to partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the sale of the non-cash assets for $50,000. Accounts and explanation Dec. 31 Date Debit Credit Journalize the allocation of the gain or loss to the partners' capital accounts Date Accounts and Explanation Debit Credit Dec. 31 Question Viewer Joumalize the payment of the labilities. MacBook Air $50,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of explanation on the last line of the journal entry table.) Debit Credit mounts Debit Credit Question Viewer MacBook Air Fe F7 FB F10 F11 Requirement 2. Assuming the partnership sells the non-cash assets for $20,000, record the journal entries for the sale of non-cash remaining cash to partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the sale of the non-cash assets for $20,000 Accounts and Explanation Debit Date Credit Dec. 31 Journalize the allocation of the gain or loss to the partners' capital accounts. Date Accounts and Explanation Debit Credit Dec. 31 MacBook Air DOO nin od the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution the last line of the journal entry table.) Debit Credit Debit Credit MacBook Air 512 F9 FIO FB F7 o Downes, Vemdel, und Walden are boutating their partnership. Before selling the sand paying the lates, the capital balance Dew S48,006; Vandell, 535.000 und Walden, 19.000. The proftendione sharing ratio ha tom 2.1.1 for Dowe Vardel, and Walden respectively. The partnerships $77,000 cash. 345.000 non-costs, and $25,000 Read the remote Requirement 1. Assuming the partnership sell the non-cash stets for $50,000, record the jumal entries for the sale of non costants, allocation of pain or loss on liquidation, the payment of the outstanding inble, and to distribution of remaining cath to parerecord debit fost, then credits Select the explanation on the lastne of the journal entry) Jeumolire the sale of the non- channel for $50,000 Account and Explanation Date Debit Dec 31 Journalize the location of the gain or loss to the porter captacco Dute Accounts and Explanation Dec 31 Crede Journal the payment of the bes Choose from any store any number in the inputs and then continue to the most MacBook Air $ 4 % 5 & 7 6 8 9 2 3 O P W E Y U R T o G F K S D H lock Journalize the payment of the abilities Date Accounts and Explanation Dec. 31 Debit Credit Journalize the distribution of remaining cash to the partners Date Accounts and Explanation Debit Credit Dec 31 Requirement 2. Assuming the partnership sells the non-cassets for $20.000, record the joumalevries for the sale of non-cash assets, location of gain or loss on liquidation, the payment of the outstanding, and the dist remaining cash to partners. Record debit first, then credits Select the explanation on the last line of the jumatate Journalize the sale of the non-cash sets for $20,000 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air # 3 $ 4 % 5 & 7 6 8 9 P W E Q U Y R T Requirement 2. Asuming the partnership sells the non-cash for $20,909, record the joumal entries for the sale of non-ch, location of gain or loss on liquidation, the payment of the cutstanding liabilities, and the buton remaining cash to partners. (Record debits first, then credits Select the explanation on the last line of the journal entry table) Journalize the sale of the non-cash assets for $20,000 Date Accounts and Explanation Debit Credit Dec. 31 Joumalize the allocation of the gain or loss to the partners capital court Account and Explanation Dec 31 Date Debit Credit Jumle the payment of the abili Choose from any lat or enter any number in the outside and then continue to meet MacBook A $ 4. & 7 6 8 5 3 2 a P 1 U W T Y E 70 fab G H K F A D S caps lock B V Tex NM C Journalire the payment of the abilities Date Accounts and Explanation Dec. 31 Debit Credit Journalize the distribution of remaining cash to the partners. Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air BD OOO . ESC 4 # 3 % 5 & 7 6 8 2 4 E w Q R Y T tab Downes, Vardell, and Walden are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Downes 2:1:1 for Downes, Vardell, and Walden, respectively. The partnership has $77,000 cash, $45,000 non-cash assets, and $25,000 accounts payable Read the requirements capital balances are Downes $46,000; Vardell, $35,000; and Walden, $16,000. The profit-and-loss-sharing ratio has been d $25,000 accounts payable. Requirement 1. Assuming the partnership sells the non-cash assets for $50,000, record the journal entries for the sale of non-cash assets, allocation of gain remaining cash to partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the sale of the non-cash assets for $50,000. Accounts and explanation Dec. 31 Date Debit Credit Journalize the allocation of the gain or loss to the partners' capital accounts Date Accounts and Explanation Debit Credit Dec. 31 Question Viewer Joumalize the payment of the labilities. MacBook Air $50,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of explanation on the last line of the journal entry table.) Debit Credit mounts Debit Credit Question Viewer MacBook Air Fe F7 FB F10 F11 Requirement 2. Assuming the partnership sells the non-cash assets for $20,000, record the journal entries for the sale of non-cash remaining cash to partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the sale of the non-cash assets for $20,000 Accounts and Explanation Debit Date Credit Dec. 31 Journalize the allocation of the gain or loss to the partners' capital accounts. Date Accounts and Explanation Debit Credit Dec. 31 MacBook Air DOO nin od the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution the last line of the journal entry table.) Debit Credit Debit Credit MacBook Air 512 F9 FIO FB F7
