The partnership of Dolla,Earl,and Festus was dissolved on January 1,2011.The balance sheet at that date is shown below:
In January,$34,000 of the accounts receivable was collected,and an additional $6,000 was determined to be uncollectible.The remaining receivables are still expected to be collected.
Required:
Determine how the available cash on January 31,2011 will be distributed.(Use a safe payments schedule. )

Question

The partnership of Dolla,Earl,and Festus was dissolved on January 1,2011.The balance sheet at that date is shown below:
  In January,$34,000 of the accounts receivable was collected,and an additional $6,000 was determined to be uncollectible.The remaining receivables are still expected to be collected.
Required:
Determine how the available cash on January 31,2011 will be distributed.(Use a safe payments schedule. )

Quizplus · Accepted Answer

The Answer of The partnership of Dolla,Earl,and Festus was dissolved on January 1,2011.The balance sheet at that date is shown below:
  In January,$34,000 of the accounts receivable was collected,and an additional $6,000 was determined to be uncollectible.The remaining receivables are still expected to be collected.
Required:
Determine how the available cash on January 31,2011 will be distributed.(Use a safe payments schedule. )

The Partnership of Dolla,Earl,and Festus Was Dissolved on January 1,2011