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The partners of Pharoah Company have decided to liquidate their business. Noncash assets were sold for $124,900. The income ratios of the partners Cisneros,

The partners of Pharoah Company have decided to liquidate their business. Noncash assets were sold for $124,900. The income r

Question 11 of 26 -/1 E The partners of Pharoah Company have decided to liquidate their business. Noncash assets were sold fo  

The partners of Pharoah Company have decided to liquidate their business. Noncash assets were sold for $124,900. The income ratios of the partners Cisneros, Gunselman, and Forren are 3:2:3, respectively. Complete the following schedule of cash payments for Pharoah Company. (If an amount reduces the account balance then enter with a negative sign preceding the numbereg-15,000 or parenthesis eg. (15,000).) Item Cash Noncash Assets Llabil Balance before liquidation $14,100 $91,300 Sale of noncash assets and allocation of gain New balances Pay llabilities New Balances Cash distribution to partners Final balances Question 11 of 26 -/1 E The partners of Pharoah Company have decided to liquidate their business. Noncash assets were sold for $124,900. The income ratios of the partners Cisneros, Gunselman, and Forren are 3:2:3, respectively. Complete the following schedule of cash payments for Pharoah Company. (f an amount reduces the account balance then enter with a negotive slgn preceding the number eg -15,000 or parenthests eg. (15,000J Liabiltles Cisneros Capltal Forren Capital Gunselman Capital $36,000 $23,000 $33,000 $13,400

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