The partners in Sandhill Company decide to liquidate the firmwhen the balance sheet shows the following.

Sandhill Company Balance Sheet May 31, 2020
Assets					Liabilities and Owners’ Equity
Cash		$29,100			Notes payable		$13,300
Accounts receivable		25,500			Accounts payable		26,700
Allowance for doubtfulaccounts		(1,500	)		Salaries and wagespayable		4,000
Inventory		35,000			A. Jamison, capital		33,500
Equipment		21,400			S. Moyer, capital		24,000
Accumulateddepreciation—equipment		(5,300	)		P. Roper, capital		2,700
		$104,200					$104,200

The partners share income and loss 5:3:2. During the process ofliquidation, the following transactions were completed in thefollowing sequence.

1.		A total of $54,400 wasreceived from converting noncash assets into cash.
2.		Gain or loss on realizationwas allocated to partners.
3.		Liabilities were paid infull.
4.		P. Roper paid his capitaldeficiency.
5.		Cash was paid to the partnerswith credit balances.

Prepare the entries to record the transactions.

Post to the cash and capital account

Assume that Roper is unable to pay the capital deficiency.(Credit account titles are automatically indented whenamount is entered. Do not indent manually.) (1) Prepare the entry to allocate Roper’s debit balance to Jamisonand Moyer. (2) Prepare the entry to record the final distribution ofcash.