Cheese Partners has decided to close the store. At the date of closing, Cheese Partners had the following account balances: Capital $8,000 Cash 6,000 Inventory 12,000 Store fixtures 8,000 Accounts...

Cheese Partners has decided to close the store. At the date of closing, Cheese Partners had the following account balances:

A competitor agrees to buy the inventory and store fixtures for $15,000.

Prepare the journal entries detailing the liquidation, assuming that partners Colette and Swarma are sharing profits on a 50:50 basis. If an amount box does not require an entry, leave it blank.