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The partners of the SVA Partnership agreed to liquidate their partnership on December 31.2023 . At that point, the accounting records showed the followina halsanar

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The partners of the SVA Partnership agreed to liquidate their partnership on December 31.2023 . At that point, the accounting records showed the followina halsanar The partners share profits and losses in a 6:3:1 ratio for Sharlene, Vahideb, and Acafin respectively, During the process of liquidation, the following transactions were completed in the below sequence: 1. A total of \\( \\$ 50,000 \\) cash was received from selling the non-cash assets: 2. Any gain or loss from the sale was allocated to the partners. 3. All liabilities were paid in full. 4. Arafin paid his capital deficiency. 5. The remaining cash was paid to the partners Page 9 Instructions: prepare the lournal entries to cecord the above transactions related to the linuidation of the partnersho

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