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Statement of Partnership Liquidation After dosing the accounts on July 1, prior to liquidating the...

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Statement of Partnership Liquidation After dosing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $31,200, $44.400, and $19.000, respectively Cash, noncinh assets, and liabilities total $48,900, $82,200, and $35,700, respectively. Between July 1 and July 29, the noncash assets are sold for $66,000, the abilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of 3:2:1 Prepare a statement of partnership liquidation for the period July 1-29. Enter any subtractions (balance deficiences, payments, cash distributions, divisions of foss, sale of assets) as tregove numbers using a minus sign. If an amount is zero, enter in "0". Gold, Porter, and Sims Statement of Partnership Liquidation For the Period Ending July 1-29 Cash Noncash Assets Liabilities + Capital Gold (3/6). Capital Porter (2/6). Capital Sims (1/6) Balances before realization Sale of assets and division of loss Balances after realization Det of abilities balances after Dayment of abilities Cash distributed to partner Final balance

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