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17. In the event of a partnership dissolving, loan FROM a partner to the partnership: are added to the capital account of the partner who
17. In the event of a partnership dissolving, loan FROM a partner to the partnership: are added to the capital account of the partner who made the loan to the partnership are subtracted from the capital account of the partner who made the loan to the partnership are paid before any payments are made to the bank are allocated to the partners" capital accounts in accordance to the profit/loss agreement Question 18 1 pts 18. Debit A, capital for $50,000 Debit C, capital for $50,000 Credit A, capital for $56,000 Credit C, capital for $56,000 Question 19 1 pts 19. Identify the first step in which partnership distribution takes place: Profit and loss is allocated to partners Partners with negative balances make up the balance Assets are used to pay creditors' claims Distributions are made to the partners
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