Alex and bess have been in partnership for many years. the partners, who share profits and losses on a 60: 40 basis, respectively, wish to retire and have agreed to liquidate the business. liquidation expenses are estimated to be $5,000. at the date the partnership ceases operations, the balance sheet is as follows: cash $50,000 liabilities $40,000noncash assets 150,000 alex, capital 90,000 bess, capital 70,000total assets $200,000 total liabilities and capital $200,000part a: prepare journal entries for the following transactions: a. distributed safe cash payments to the partners. b. paid $30,000 of the partnership’s liabilities. c. sold noncash assets for $160,000.d. distributed safe cash payments to the partners. - for part a, i only need the answer to d. alex, capital bess, capitale. paid remaining partnership liabilities of $10,000.f. paid $4,000 in liquidation expenses; no further expenses will be incurred. g. distributed remaining cash held by the business to the partners. part b: prepare a final statement of partnership liquidation.

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?