Q1. The partners of the Blue Tooth Partnership agree to liquidate. After all liabilities of $100,000 are paid, the capital account balances are: Wong $80000; Winslow, $ 70,000; and Peters, ($4000). Peters agrees to pay $4000, in cash to settle his deficiency. Prepare the journal entries required to end the partnership. ( please ans the ques in detail) Q2. William and Christie from a partnership …
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