Question: I'm having problems solving this. D and G arent coming out correct and I cant figure out why Alex and Bess have been in partnership
I'm having problems solving this. D and G arent coming out correct and I cant figure out why


Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively, wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $6,000. At the date the partnership ceases operations, the balance sheet is as follows: Part A: Prepare journal entries for the following transactions that occurred in chronological order: a. Distributed safe cash payments to the partners. b. Paid $24,600 of the partnership's liabilities. c. Sold noncash assets for $121,000. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $16,400. f. Paid $4,800 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Part B: Prepare a final statement of partnership liquidation. D. rala $4,0U or the partnersnip s Iladulies. C. Sold noncash assets for $121,000. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $16,400. f. Paid $4,800 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners
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