Question: How do you solve these step-by-step? The Field, Drown & Snow are partners and share income and fosses equality. The partner decide to liquidate the

How do you solve these step-by-step?

The Field, Drown & Snow are partners and share income and fosses equality. The partner decide to liquidate the parts when the capital balances are as follows: Peld S121,500: Brown, $165.400; and Snow. $155.000 On May 31 the liquidation resulted in a loss of $407700 QS 12-13 (Algo) Part 3 3. Assume that the partner with a deficit does not reimburse the partnership Prepare journal entries to transfer the deficit to the other partners and its to record the final disbursement of cash to the partners View transaction Bat Journal entry worksheet 1 > Record transfer of Feld's delict to the other partners. Not Enter der before credits Transaction General Journal Debit Credit

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