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2 points Ali, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership Prior to the

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2 points Ali, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership Prior to the final distribution of cash to the partnors, Ali has a capital balance of $(30,000), Basel has a capital balance of $72,000, and Ziad has a capital balance of $108,000, Also, cash balance is $150,000. All is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital Ziad Capital 18,000 12,000 All Capital 30,000 Basel capital 54,000 96,000 Ziad capital Cash 150,000 OB Basel Capital 12,000 Ziad Capital 18,000 All Capital 30,000 54,000 Basel capital Ziad capital 96,000 Cash 150,000 OB Basel Capital Ziad Capital Ali Capital Basel capital Ziad capital Cash OC Basel Capital Ziad Capital Basel capital Ziad capital Cash OD. Basel Capital Ziad Capital Ali Capital Basel capital Ziad capital Cash Ali Capital 12,000 18,000 54,000 96,000 18,000 12,000 96,000 54,000 15,000 15,000 57,000 93,000 100,000 30,000 150,000 30,000 150,000 30,000 150,000

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