Partnership Transactions Perform The Required Journal Entries

Using the data in the Option 2 Spreadsheet (linkedat the bottom of the page), perform the accounting required for theformation, operations, and liquidation of the SPLIT Partnership. Withinthe 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