Partners smith and jones decide to close their business and share the profits equally. they sell the partnership's non-cash assets. the transactions for the sales are below: 1. the merchandise inventory, which cost $45,000, was sold for $38,000.2. the office equipment, with a book value of $27,000 was sold for $29,000.instructions: record the transactions in a general journal form.

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)