The following condensed balance sheet is for the partnership of hardwick, saunders, and ferris, who share profits and losses in the ratio of 4: 3: 3, respectively: cash $ 80,000 accounts payable $ 280,000 other assets 750,000 ferris, loan 41,000 hardwick, loan 31,000 hardwick, capital 250,000 saunders, capital 150,000 ferris, capital 140,000 total assets $ 861,000 total liabilities and capital $ 861,000 the partners decide to liquidate the partnership. fifty percent of the other assets are sold for $260,000. prepare a proposed schedule of liquidation at this point in time. (amounts to be deducted should be entered with a minus sign.)
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The following condensed balance sheet is for the partnership of hardwick, saunders, and ferris, who...
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