The Jefferson & Melone partnership has the following balances on December 31, 2018 (Click the icon to view the balances) Jefferson and Malone share profits 1:1, respectively. Jefferson and Malone decide to liquidate the partnership Jourmaline the sale of the son cash assets for $4,000, the payment of the lines, and the payment to the partners. Assume Malone contributes cash equal to the capital deficiency (Record debits first, then credits. Select the explanation on the last line of the joumal entry table) Journalire the sale of the non-cash for $54,000 Data Accounts and Explanation Debit Crede 2018 Dec. 31 Assets $ Journalize the allocation of and gain or loss on the sale of the non-com Date Accounts and Explanation Cash Non-cash Assets Jefferson and Malone Balance Sheet December 31, 2018 Les $ 28.000 Accounts Payable 154.000 Partners' Equity Jefferson Capital Malone, Capital Total Parts Equity $ 142,000 Tools and Partner Debit Credit 2018 50 000 24.000 Dec 31 74.000 Total Assets Print Done mal en Journalize the payment of the liabilities. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Journalize the cash contribution equal to the capital deficiency. Accounts and Explanation 2018 Date Debit Credit Dec. 31 Journalize the payment to the partners. MacBook Air