Prior to liquidation, Hill & Parks prepared the following simplified trial balance. The partners, Hill and Parks, share
Posted: Sun Jul 03, 2022 1:16 pm
Prior to liquidation, Hill & Parks prepared the followingsimplified trial balance. The partners, Hill and Parks, shareincome and losses 3:2. Upon liquidation on December 31, 2019, thepartnership sells all non-cash assets for $72,000.