The following transactions transpire in chronological order during the liquidation of the partnership:

Collected 90 percent of the accounts receivable and wrote the remainder off as uncollectible.

Sold the office equipment for $31,500, the building for $170,000, and the land for $212,000.

Made safe capital distributions.

Paid all liabilities in full.

Paid actual liquidation expenses of $41,500 only.

Made final cash distributions to the partners.

Prepare journal entries to record these liquidation transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)