The partnership of Jackson, Rackley, and Surber is being liquidated. All gains and losses are shared in a 3:2:1 ratio. Before liquidation, their balance sheet looks as follows:

Cash	$23,000	Liabilities	$7,700
Other Assets	15,000	A. Jackson, Capital	11,000
		C. Rackley, Capital	18,100
		J. Surber, Capital	1,900
Total Assets	38,700	Total Liability + Equity	$38,700

Figure 7

Journalize the entries needed in the liquidation process under the following independent situations and assume a date of July 1, 201X, for sale of assets and a date of July 15 to pay off liabilities and distribute cash to partners:

a. Situation 1: Sold other assets for $33,900.

b. Situation 2: Sold other assets for $6,900.

c. Situation 3: Sold other assets for $2,100. Surber cannot cover his deficit.