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Create schedule of cash payments to know cash each partner

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Kaur and Singh Company is a partnership business and decides to discontinue operations and liquidate the business on March 1, 2014. The company's balance sheet shows cash of $50,000, account receivable $75,000, equipment $25,000, accounts payable $40,000, Notes payable $15,000, Kaur capital $45,000, Singh capital $50,000.

Problem 1: Schedule of cash payments to know the cash each partner will receive.

Reference no: EM132740582

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