\f\fuvlllylw \"no queue-VII I41 an\": u u: was mam-u . Required 1 Inventory Required 2 Inventory Required 3 Inventory Required 4 Inventory Required 1 GJ Required 2 GJ Required 3 GJ Required 4 Prepare journal entries to record the inventory is sold for $612,600. View transaction list Journal entry worksheet Record the disbursement of the remaining cash to the partners. Note: Enter debits before credits. Record entry M View general journal \f_a ....................... r Prepare journal entries to record the inventory is sold for $477,600. View transac on list Journal entry worksheet Record the sale of inventory. Note: Enter debits before credits. Record entry m View general journal Required 1 Inventory Required 2 Inventory Required 3 Inventory Required 4 1 Required 1 G] Inventory H Required 2 GJ Required 3 61 Required 4 GJ Prepare journal entries to record the inventory is sold for $322,200 and partners with decits pay their decits in cash. View transaction list Journal entry worksheet Allocate the gain(loss) on the sale of inventory to the partners. Note: Enter debits before credits. Record entry Clear entry View general iournal \f\fRequired 1 Inventory Required 2 Inventory Required 3 Inventory Required 4 Required 1 G] Inventory Required 2 GJ Required 3 61 Required 4 GJ Prepare journal entries to record the inventory is sold for $322,200 and partners with decits pay their decits in cash. View transaction list Journal entry worksheet Record the distribution of the remaining cash to the partners. Note: Enter debits before credits. Record entry m View general journal For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. Note: Do not round intermediate calculations. Enter losses and partner decits. if any, as negative amounts. 1. Inventory is sold for $612,600. 2. Inventory is sold for $477,600. 3. Inventory is sold for $322,200 and partners with decits pay their decits in cash. 4. Inventory is sold for $288,000 and partners with decits do not pay their deficits. Complete this question by entering your answers in the tabs below. . Required 4 . Required 3 61 Inventory Required 4 GJ Complete the schedule allocating the gain or loss on the sale of inventory $288,000 and partners with deficits do not pay their deficits. Required 3 Inventory Required 2 Inventory Required 1 Inventory Required 1 G] Required 2 G] Proceeds from the sale of inventory Inventory cost Initial capital balances $ 77,100 $ 173,475 $ 134,925 $ 385,500 Capital balances alter gains (losses) 77,100 173,475 134,925 385,500 Allocation of decit balance CECE: Capital balances after decit allocation $ 77,100 $ 173,475 $ 134,925 $ 385,500