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The McAnally & Kemdall partnership has the following balances on June 30, 2024 (Click the...

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Accounting

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The McAnally & Kemdall partnership has the following balances on June 30, 2024 (Click the icon to view the balances.) McAnally and Kendall shore profits 32, respectively McAnally and Komdall decide to liquidate the partnership Journalize the sale of the non-canh anses for $6,600, the payme the explanation on the last line of the joumal entry table.) Journalize the sale of the non-cash assets for $5,500 Date Accounts and Explanation Debit Credit 2024 5.500 Jun 30 Cash Non-cash Assets 6500 To record the sale of Non-cash Assets at Muidation, the partnership. Joumalize the sale of the non-cash assets for $5,500, the payment of the liabilities, and the payment to the partners. (Record debits first, then credits Select bit Credit 5,500 5500 McAnally and Kemdall Balance Sheet June 30, 2024 Assets Liabilities Cash 35,000 38,000 Accounts Payable Non-cash Assets 10,500 Partners' Equity McAnally, Capital 8,500 5,000 Kemdall, Capital 13,500 Total Partners' Equity $ $ 48,500 48,500 Total Liabilities and Partners' Equity Total Assets Dann

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