Question
Statement of Partnership Liquidation After closing the accounts on July 1, pner to liquidating the partnership, the capital account balances of Silver Carlo, and Tingley
Statement of Partnership Liquidation After closing the accounts on July 1, pner to liquidating the partnership, the capital account balances of Silver Carlo, and Tingley are $44,200, $62,400, and $27,900, respectively. Cash, nancash assets, and lab total 509,300, $115,000, and $50,700, respectively. Between July 1 and July 29, the noncash assets are sold for $92,400, the abilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of 3:2:1 Prepare a statement of partnership pedation for the period July 1-29. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loos, sale of assets) as negative numbers using a mine sign If an amount is aws, enter in "0" Silver, Carillo, and Tingley Statement of Partnership Liquidation Balances before realization Sale of assets and division of Balances after realization Cash debuted to partners Final balance Cash Noncash Assets For the Period Ending July 1-29 Liabilities + Silver (3/6)+ Carillo (2/6). Tingley (1/6) 69,300 100 27,900 7.400 x +
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