Complete this question by entering your answers in the
tabs below.
Req A1
Req A2
Req B
Liquidation expenses are estimated to be $14,000. Prepare a
predistribution schedule to guide the distribution of cash.
The Drysdale, Koufax, and Marichal partnership has the following
balance sheet immediately prior to liquidation:
Cash
$
54,000
Liabilities
$
59,500
Noncash assets
294,000
Drysdale, loan
27,500
Drysdale, capital (50%)
97,000
Koufax, capital (30%)
87,000
Marichal, capital (20%)
77,000
Liquidation expenses are estimated to be $14,000....