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Statement of Partnership Liquidation After closing the accounts on July 1, prior to lieuidating the partnership, the capital account balances of Cold, Porter, and 51ms

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Statement of Partnership Liquidation After closing the accounts on July 1, prior to lieuidating the partnership, the capital account balances of Cold, Porter, and 51ms are $43,200,561,500, and $27,300, respectively. Cash, nencash assets, and liabilities total $66,900,$113,700, and $48,600, respectively, Between July 1 and July 29 , the noncash assets are sold for $90,900, the liabilities are paid, and the remaining cast is distributed to the partners. The partners share net income and loss in the ratio of 3:2:1. Prepare a statement of partnership liquidation for the period July 1-29. Enter any subtractions (bolance defidencies, payments, cash distributions, divisions of loss, sa'e of assets) as negative numbers using a minus sign. If an amount is zero, enter in "0

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