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Partners in Oriole Partnership decided to liquidate the partnership on June 30, 2021, when the balances in the partnership's accounts were as follows: Item Cash Accounts Recelvable Accumulated Depreciation Accounts Payable A. Hunt, Capital Equipment K.Lally, Capital Balances before liquidation $26,700 $23,000 $39,900 $13,800 $24,800 $34,500 $15,400 The partners share proht and loss 5:3:2 for Hunt, Lally, and Portman, respectively Complete the schedule assuming the assets were sold for $24,600, liabilities are paid, and any deficiencies will be absorbed by the other partners. (Enter negative amounts using either a negative sign preceding the numbereg.-45 or parentheses a.s. (451. Round answers to decimal places, s. 5,275) Item Cash Accounts Receivable Balances before liquidation Sales of noncash assets and loss on sale of assets Payment of bilities I Transfer of deficiency Allocation of cash e Textbook and Media Partners in Oriole Partnership decided to liquidate the partnership on June 30, 20 were as follows Accounts Recelvable D. Portman Capital Accumulated Depreciation Accounts Payable A. Hunt, Capital K. Lally, Capital Equipment Cash em $24,800 $34,500 $13,800 $15,400 $1,100 $23,000 $39,900 $26,700 ore liquidation The partners share profit and loss 5:3:2 for Hunt, Lally, and Portman, respectively. Complete the schedule assuming the assets were sold for $24,600, liabilities are paid, and any deficiencies will be absorbed by the other partners (Enter negative amounts using either a negative sign preceding the number os. -45 or parentheseses (45) Round answers to decimal places eg. 5,275) Item Cash Accounts Receivable Balances before liquidation $ $ Sales of noncash assets and loss on sale of assets Payment of liabilities Transfer of deficiency Allocation of cash e Textbook and Media the schedule assuming the assets were sold for $24,600. liabilities are pald, and any deficiencies will be absorbed by the tners. (Enter negative amounts using elther a negative sign preceding the number eg.-45 or parentheses es. (45). Round o decimal places, eg. 5,275.) Cecelvable Equipment Accumulated Depreciation Accounts Payable I hedule assuming the assets were sold for $24,600, llabllities are paid, and any deficiencies will be absorbed by the (Enter negative amounts using elther a negative sign preceding the number eg.-45 or parentheses es (45). Round imal places eg. 5,275) A. Hunt, Capital K.Lally, Capital D. Portman, Capital kand Media Prepare the journal entries assuming the assets were sold for $24,600, liabilities are paid, and any deficiencies will be absorbed by the other partners. Include the journal entries to record the distribution of cash. (Credit account titles are automatically indented when the mount is entered Do not indent manually Round answers to decimal places, as 5,275) Date Credit Debit Account Titles and Explanation June 30 (To record realization of assets.) 30 (To allocate loss on realization) 30 > (Payment on account.) . 30 (To record final distribution to partners.)