The McAnally & Kirkland partnership has the following balances on June 30, 2024 Click the icon to view the balances.) McAnally and Kirkland share profits 3:1, respectively. McAnally and Kirkland decide to liquidate the partnership. Joumalize the sale of the non-cash assets for $500, the payment of the liabilities, and the payment to the partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2024 Jun 30 McAnally, Capital 3750 Kirkland, Capital 1250 Loss on Disposal 5000 To allocate loss on liquidation of Non-cash Assets. Journalize the payment of the liabilities. Date Accounts and Explanation Debit Credit 2024 Jun 30 25000 Accounts Payable Cash 25000 To record the payment of the outstanding tables Journalize the payment to the partners. Date Accounts and Explanation Debit Credit 2024 Jun 30 McAnally, Capital Kirkland, Capital Cash To distributo romaining cash based on partners' capital balancos. Choose from any list or enter any number in the input fields and then continue to the next question The McAnally & Kirkland partnership has the following balances on June 30, 2024 Click the icon to view the balances.) McAnally and Kirkland share profits 3:1, respectively. McAnally and Kirkland decide to liquidate the partnership. Joumalize the sale of the non-cash assets for $500, the payment of the liabilities, and the payment to the partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2024 Jun 30 McAnally, Capital 3750 Kirkland, Capital 1250 Loss on Disposal 5000 To allocate loss on liquidation of Non-cash Assets. Journalize the payment of the liabilities. Date Accounts and Explanation Debit Credit 2024 Jun 30 25000 Accounts Payable Cash 25000 To record the payment of the outstanding tables Journalize the payment to the partners. Date Accounts and Explanation Debit Credit 2024 Jun 30 McAnally, Capital Kirkland, Capital Cash To distributo romaining cash based on partners' capital balancos. Choose from any list or enter any number in the input fields and then continue to the next