Question: Please be clear and accurate with the solution Thank you so much The balance sheet of Ames, Beard & Craig LLP on September 26, 2008,

 Please be clear and accurate with the solution Thank you so

Please be clear and accurate with the solution

Thank you so much

The balance sheet of Ames, Beard & Craig LLP on September 26, 2008, showed cash, $20,000; noncash assets, $262,000; loan receivable from Craig of $10,000; liabilities of $50,000; loan payable to Ames of $20,000; and total partners capital of $222,000. On that date, the three partners decided to dissolve and liquidate the partnership. The income-sharing ratio and the partners capital account balances on that date were as follows: Prepare a cash distribution program for Ames, Beard & Craig LLP. With a supporting working paper, on September 26, 2008. The balance sheet of Ames, Beard & Craig LLP on September 26, 2008, showed cash, $20,000; noncash assets, $262,000; loan receivable from Craig of $10,000; liabilities of $50,000; loan payable to Ames of $20,000; and total partners capital of $222,000. On that date, the three partners decided to dissolve and liquidate the partnership. The income-sharing ratio and the partners capital account balances on that date were as follows: Prepare a cash distribution program for Ames, Beard & Craig LLP. With a supporting working paper, on September 26, 2008

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