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The McKinnon & Kimble partnership has the following balances on June 30,2024 (Click the icon to view the balances.) McKinnon and Kimble share profits 3:1,

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The McKinnon \& Kimble partnership has the following balances on June 30,2024 (Click the icon to view the balances.) McKinnon and Kimble share profits 3:1, respectively McKinnon and Kimble decide to liquidate the partnership. Journalize 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.) Journalize the sale of the non-cash assets for $500 : Data table

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