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題組內容

IV. The balance sheet of the ABC partnership just prior to liquidation appears below:

Other information:

3. The liabilities are paid in full.

其他申論題

1. Based on the above information, prepare the bank reconciliation for the Edwards Company.

2. Prepare the necessary general journal entries to adjust cash to the reconciled balance.

1. The partners Allan, Bell, and Craft share profits and losses in the ratio of 5:3:2.

2. The noncash assets are sold for $112,500.

4. The remaining assets are distributed to the partners. Assume that if any partner has a capital deficiency, he will not be able to pay the amount owed to the partnership. Required: Prepare the entries to record the liquidation of the ABC partnership.

a. All sales during the year were on account.

b. There was no change in the number of shares of common stock outstanding during the year.

Required: Compute the missing amounts on the company's financial statements.

c. The interest expense on the income statement relates to the bonds payable； the amount of bonds outstanding did not change during the year.

d. Selected balances at the beginning of the current year were:

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