The partnership of Dolla,Earl,and Festus was dissolved on January 1,2014.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 31,2014 will be distributed.(Use a safe payments schedule.)

Question

The partnership of Dolla,Earl,and Festus was dissolved on January 1,2014.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 31,2014 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 1,2014.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 31,2014 will be distributed.(Use a safe payments schedule.)

The Partnership of Dolla,Earl,and Festus Was Dissolved on January 1,2014