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BTZ Company is liquidated when its ledger shows the assets, liabilities, and...

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Accounting

BTZ Company is liquidated when its ledger shows the assets, liabilities, and equity accounts (amounts in thousands) are presented as follows: BTZ Company is liquidated when its ledger shows the assets, liabilities, and equity accounts
(amounts in thousands) are presented as follows:
The partners of BTZ Company agree to liquidate the partnership on the following terms.
The partnership will sell its non-cash assets to BLX Enterprises for HK$69,000 cash.
The partnership will pay its partnership liabilities. The income ratios of the partners are 2:3:1,
respectively.
BTZ distributes the remaining cash to the partners on the basis of their capital balances,
Question:
How do you record the sale of noncash assets?
How do you allocate the gain/loss to the partners?
How do you record paying the creditors in full?
How do you record the distribution of cash?
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