12-5A_25e.xls - Problem 12-5A Name Section Score Key Code...

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Problem 12-5A Name: kimberly matlock Section: Score: 97% Key Code: [Key code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. 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. 1. GERLOFF, CHU, AND JEWETT Statement of Partnership Liquidation Capital Noncash Gerloff Chu Cash + Assets = Liabilities + (50%) + (25%) + Balances before realization $ 5,200 $ 55,900 $ 15,000

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