Using the data in the Option 2 Spreadsheet (linked at the bottom of the page), perform the accounting required for the formation, operations, and liquidation of the SPLIT Partnership. Within the worksheet, you are to:
- Perform the required journal entries
- Update the partnership financials after each set of transactions. There are three sets—formation set, operation set, and liquidation set.
Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable.
Part 1: Perform for all partnership formation transactions
Part 2: Perform for all operational and liquidation transactions