The partners of Donald, Chief & Berry LLP decided to liquidate on August 1, 2019. The balance sheet of the partnership is as follows, with the profit and loss ratio of 25%, 45%, and 30%, respectively.

DONALD, CHIEF AND BERRY LLP

Balance Sheet

August 1, 2019

Assets		Liabilities
Cash	80000	Accounts Payable	130000
Accounts Receivable	40000	Bank Loans	60000
PPE	500000	Donald, Capital	140000
		Chief, Capital	160000
		Berry, Capital	130000

The Accounts receivables were collected for 30000 cash on August 30, 2019. The PPE was sold for 550000 cash on Dec. 1, 2019. All debts were paid in full amounts on Dec. 15, 2019. The remaining cash was distributed to the partners on Dec. 16, 2019. Prepare the journal entries for collection of A/R, the sales of PPE, payment of A/P and bank loans and the final distribution of cash to the partners.