Prepare a detailed answer to show complete winding up including the amounts owed to (from) the partners?

Question

A,B,C and D formed a Limited partnership. A was the general partner and B, C, and D were the limited partners. here are the facts as follow:

partner capital contribution
A $ 20,000
B $ 50,000
C $60,000
D $ 0
In addtion to the capital contrubutions above, partner C makes a $10,000 loan to the partnership.
- after 3 years of operationi the partners would voted unanimously to dissolve and wind up the partnership.
- After liquidation the assets, the partnership had $ 180,000 in cash and owed $ 160,000 to creditios (other than amounts to partners).

Answer 1

So......you want us to do the work on a school question for you?

Why not answer it yourself then ask for opinions on whether or not you missed something. Really, trying to make others do the work for you isn't cool.