Problem 12-6A (Algo) Liquidation of a partnership LO PS Kenda Copley and Me share income and loss in a 321 ratio in to f

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Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 1 (38.08 KiB) Viewed 46 times

Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 2 (33.45 KiB) Viewed 46 times

Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 3 (33.3 KiB) Viewed 46 times

Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 4 (27.27 KiB) Viewed 46 times

Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 5 (24.36 KiB) Viewed 46 times

Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 6 (26.85 KiB) Viewed 46 times

Problem 12 6a Algo Liquidation Of A Partnership Lo Ps Kenda Copley And Me Share Income And Loss In A 321 Ratio In To F 7 (36.92 KiB) Viewed 46 times

Problem 12-6A (Algo) Liquidation of a partnership LO PS Kenda Copley and Me share income and loss in a 321 ratio in to form Kendra 3: Copy 2 and Mc The peters have decided to liquidate their partnership. On the day of guidation, the balance sheet news as follows ta peab *24, 1.92.386 544,00 Erity ades Capital Cegiey, Capital Capital 437.000 abilities and p 147,00 Required For each of the flowing scenario complete the schedule allocating the gain or is on the sale of inverry Pepare journals econd the below bansactions (De nat round intermediate calculations Enter losses and partner des fans nagelve amounts) tentry is sold for $600.000 2. entry is sold for $438.600 3ry is sold to $334.200 and partners with delicts pay the defects & Inventory is sold for $240.000 anders with deficits do not py Complete this on by entering your answers in the tab Complete this question by entering your answers in the tabs below. Required 1 Inventory Required: G Required 2 ventory Required 2 G3 Inventory ered 3 Required 3 G Inventary Required 4 Complete the schedule allocating the gain or loss on the sale of inventory is $606,000 Step 13 Determination of Ganes 160.000 Proceeds from the sale of inventory Inventory cost KENDRA MEL Tutal all balances COOLEY $ 171.225 S 76,100 S 133.175 5380.000 S 76,100 171.225 S 133.179 $3.500 View transaction et Journal entry worksheet Record the sale of inventory. Nite Enter debits before credits Transaction (a) Bacard anlry General Journal Clear entry inas 12.01 Required 1 GJ > Debid Credit View general journal
< 1 2 3 Allocate the gain(loss) on the sale of inventory to the partners. Note: Enter tits before credits Transaction General Jual Debit (0) Recondary Clear entry Journar entry wurnances 1 2 Record the payment of the labe n Transaction 10 Required 1 Inventory General Journal Debi Perry Journal entry worksheet 1 2 3 4 Racord the disbursement of the remaining cash to the partners. General al 14 Racerdry Clearan Vw general jounal
4 Complete this question by entering your answers in the tabs below. e) try 20 Inventory wentary 1) Dean of Ga son of the Galas) Far RENDRA 1 P100 3 M100 Afgers < 10 Journal entry worksheet Recond the sale of ventory sve ce Transaction (b) Journar en Geral COOLEY 171.200 DO Journal entry worksheet 1 Allocate the gain(loss) on the sale of inventory to the partners Tama:ter General Journal Cleary Cry Ba Inventory 20J > Val Debe Tal 1331341300 133X750.00 Cred View general journal +10
< 1 2 3 4 Record the disbursement of the remaining cash to the partners. Note: Enter debits before credits. Transaction General Journal Debit (d) Record entry Clear entry Credit View general journal The you ther of th Journal
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Assuming that the partners have no assets other than those invested, allocate any partner(s) deficit balances to the remaining partners. Note Enter debts before cres Transaction General Journal Debit Cre (b-2) Record entry Clear entry View general journal Journal entry worksheet 3 1 Record the payment of liabilities. Transaction (c) General Journal cisar entry Becord entry Dett Record entry Journal entry worksheet 5 Record the disbursement of the remaining cash to the partner(s). General Journal Dubin Transaction (6) Clear entry Cred View genaral journal