Zellers Ltd went into voluntary liquidation on 30 June 2021. Its summarised Statement of financial position at that date was as follows:

Zellers Ltd
Statement of Financial Position
as at 30 June 2021
Current assets			Current Liabilities
Cash	$18,000		Accounts Payable	$55,000
Inventory	67,000		Salaries Payable	8,000	$63,000
Accounts Receivable	43,000	$128,000
Non-current assets			Non-Current Liabilities
Land and buildings	$141,000		Mortgage (secured by Land and Buildings)		100,000
Furniture	97,000
Machinery	156,500	$394,500
Total Assets		$522,500	Total Liabilities		$163,000
			Equity
			Share Capital:
			190,000 shares issued at $2, called to $1.50	285,000
			Less: Calls in arrears (20,000 at 50c)	-10,000	275,000
			Retained Earnings		84,500
			Total Equity		$359,500
			Total Liabilities and Equity		$522,500

Additional information:

1. In relation to the land and buildings, the mortgagee sold the assets and remitted to the liquidator any amount in excess of the debt due. The land and buildings realised $160,000.
2. All other assets realised $275,000.
3. Suppliers allowed a discount of $2,000 on Zellers Ltd's account.
4. Interest accrued on mortgage $5,500 not recorded.
5. Liquidation cost and liquidators remuneration was $18,500.
6. Calls in arrears were fully collected.

Required:

Prepare general journal entries to record the liquidation of Zellers Ltd.