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Take me to the text Pablo, Keith, and Normand operate a small law firm under a limited liability partnership. However, due to some internal conflicts

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Take me to the text Pablo, Keith, and Normand operate a small law firm under a limited liability partnership. However, due to some internal conflicts all the partners have agreed to end the partnership. The following items remained in the balance sheet on June 20, 2020 after all the assets have been liquidated. The net asset amount is also given in the table below. Net Assets $494,000 Cash $466,400 Keith, Capital $90,000 Normand, Capital $222,000 Pablo Capital $182,000 Prepare the journal entries to allocate any gain or loss due to the sale of assets, and to record cash distribution Do not enter dollar signs or commas in the input boxes. Enter the debit accounts in alphabetical order Date Account Title and Explanation Debit Credit Jun 20 Keith, Capital Normand, Capital Pablo, Capital Loss on Sale of Net Assets To allocate the gain or loss on sale of net assets Jun 20 Keith, Capital Normand Capital Pablo, Capital 166400 Cash To record cash distribution among partners ORI e 9 E Type here to search

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