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

Sunland Company Balance Sheet May 31, 2022
Assets					Liabilities and Owners Equity
Cash		$29,100			Notes payable		$13,700
Accounts receivable		25,400			Accounts payable		27,200
Allowance for doubtful accounts		(1,300	)		Salaries and wages payable		3,500
Inventory		34,300			A. Jamison, capital		32,400
Equipment		21,000			S. Moyer, capital		24,150
Accumulated depreciationequipment		(5,000	)		P. Roper, capital		2,550
		$103,500					$103,500

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 $54,850 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.)

No.	Account Titles and Explanation	Debit	Credit