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The Jackson & Mack Partnership have the following balances on 12/31/16: Jackson and Mack share profits 1:1 respectively. Jackson and Mack decide to liquidate the

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The Jackson & Mack Partnership have the following balances on 12/31/16: Jackson and Mack share profits 1:1 respectively. Jackson and Mack decide to liquidate the partnership. Journalize the sale so the non-cash assets for $56,000, the payment of the liabilities, and the payment to the partners. Assume Mack contributes cash equal to the capital deficiency

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