The Murphy & Kent partnership has the following balances on June 30, 2018:
MURPHY & KENT
Balance Sheet
June 30, 2018

Murphy and Kent share profits 3:2, respectively. Murphy and Kent decide to liquidate the partnership. Journalize the sale of the non-cash assets for $15,000, the payment of the liabilities, and the payment to the partners?

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Liabilities Assets $ 10,000 Accounts Payable 22,000 $ 15,000 Cash Non-cash Assets Partners' Equity Murphy, Capital 9,000 8,000 17,000 $ 32,000 Kent, Capital Total Partners' Equity Total Liabilities and Partners' Equity Total Assets $ 32,000