An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
Enter a zero in cells you would otherwise leave blank.
a.
Noncash Lester Torres Hearst
Cash +Assets =Liabilities +(2/5) +(2/5) +(1/5)
Balances before realization
Sale of assets and division of gain
Balances after realization
Payment of liabilities
Balances after payment of liabilities
Distribution of cash to members
Final balances
b.
c.
0%
[Key code here]
Exercise 12-25
Name:
Section:
Score:
Key Code:
Instructions
Member Equity
Cells with non-gray backgrounds are protected and cannot be edited.
ARCADIA SALES, LLC
Statement of LLC Liquidation
For the Period August 1–31, 2014
(Key essay answer here)
Answers are entered in the cells with gray backgrounds.
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
Enter a zero in cells you would otherwise leave blank.
a.
Noncash Lester Torres Hearst
Cash +Assets =Liabilities +(2/5) +(2/5) +(1/5)
Balances before realization 26,000$ 146,000$ 35,000$ 49,000$ 61,000$ 27,000$
Cells with non-gray backgrounds are protected and cannot be edited.
ARCADIA SALES, LLC
Statement of LLC Liquidation
For the Period August 1–31, 2014
Exercise 12-25
Name:
Solution
Section:
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON
Member Equity