The partnership of X and Y is being dissolved. After the assets had been sold at a

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The partnership of X and Y is being dissolved. After the assets had been sold at a loss, the cash balance was $38,000. All creditors’ claims, amounting to $14,000, were then paid. The capital account for X then showed a credit balance twice as large as that for Y. What must be the amount of Y’s capital account? Explain.

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