please find the missing values from entry $3,18,85018,85037,700$ was incorrect Required Information

Problem $15-33($Algo$)($LO $15-2,15-7)$

$[$The following information applies to the questions displayed below.$]$

The partnership of Garcla, Igleslas, and Kassablan was formed several years ago as a local tax preparation firm. Two

partners have reached retirement age, and the partners have decided to terminate operations and liquidate the business.

Liquidation expenses of $$35,000$ are expected. The partnership balance sheet at the start of liquidation is as follows:

Problem $15-33$ Part B

The following transactions transpire in chronological order during the liquidation of the partnership:

Collected $90$ percent of the accounts recelvable and wrote the remainder off as uncollectible.

Sold the office equipment for $$20,500,$ the building for $$82,000,$ and the land for $$124,000.$

Distributed safe payments of cash.

Pald all llabilities in full.

Paid actual liquidation expenses of $$30,500$ only.

Made final cash distributions to the partners.

Required:

Prepare journal entries to record these liquidation transactions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" In the first account field.

Required information

A $1$ Cash $54,900$ Garcia, capital $1,525$ Iglesias, capital $1,525$ Kassabian, capital $3,050$ Accounts receivable $61,000$ B $2$ Cash $226,500$ Garcia, capital $11,125$ Iglesias, capital $11,125$ Kassabian, capital $22,250$ Land $105,000$ Office equipment $($net$)51,000$ Building $($net$)115,000$ C $3$ Garcia, loan $31,000$ Garcia, capital V Iglesias, capital $(2)$ Kassabian, capital $($ Cash $($V$)106,400$ D $4$ Liabilities $171,000$ Cash $171,000$ E $5$ Garcia, capital $7,625$ Iglesias, capital $()7,625$ Kassabian, capital $15,250$ Cash $30,500$ F $6$ Garnia nanital $1125$

Journal entry worksheet

A

B

C

D

E

$($F$)$

Distributed safe payments of cash.

Note: Enter debits before credits.