The partners in Crane Company decide to liquidate the firm when the balance sheet shows the following.

Crane Company Balance Sheet May 31, 2020
Assets					Liabilities and Owners Equity
Cash		$29,900			Notes payable		$13,000
Accounts receivable		24,500			Accounts payable		26,800
Allowance for doubtful accounts		(1,400	)		Salaries and wages payable		4,300
Inventory		34,800			A. Jamison, capital		33,800
Equipment		21,600			S. Moyer, capital		23,100
Accumulated depreciationequipment		(5,700	)		P. Roper, capital		2,700
		$103,700					$103,700

The partners share income and loss 5:3:2. During the process of liquidation, the following transactions were completed in the following sequence.

1.		A total of $53,100 was received from converting noncash assets into cash.
2.		Gain or loss on realization was allocated to partners.
3.		Liabilities were paid in full.
4.		P. Roper paid his capital deficiency.
5.		Cash was paid to the partners with credit balances.

Prepare the entries to record the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

b. Post to the cash and capital accounts. (Post entries in the order of journal entries presented in the previous part. If ending balance is 0 enter 0 in the column for the normal balance for the account.)

c. Assume that Roper is unable to pay the capital deficiency. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(1)		Prepare the entry to allocate Ropers debit balance to Jamison and Moyer.
(2)		Prepare the entry to record the final distribution of cash.