Question: This Starter builds on the solution to Starter 12-11. After completing the liquidation schedule in Starter 12-11, journalize the partnership's (a) sale of noncash assets

This Starter builds on the solution to Starter 12-11. After completing the liquidation schedule in Starter 12-11, journalize the partnership's (a) sale of noncash assets for $80,000 (use a single account for Noncash Assets), (b) payment of liabilities, and (c) payment of cash to the partners. Include an explanation with each entry.

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