The BT Partnership has decided to liquidate after an unsuccessful few years. The following balance sheet is shown for BT Partnership after the closing of the business and the preparation of financial statements on December 31, 2020. The partners share income and losses equally.

	BT Partnerships
	Balance Sheet
	December 31, 2020
Assets			Liabilities
Cash	$4,000		Notes Payable	$2,000
Truck	40,000		Partners' Equity
Less: Accumulated Depreciation	20,000		Bachman, Capital	12,000
			Turner, Capital	10,000
Total Assets	$24,000		Total Liabilities and Partner's equity	$24,000

The truck has been sold for $18,000 cash.

REQUIRED: Prepare the journal entries for the sale of the inventory and the distribution of the cash to the proper parties on January 1, 2021 below. The partner does not have sufficient personal assets to pay any deficits.