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2 points Save Answer Ali, Basel and Ziad are sharing income and loss in a 4:3:2 ratio respectively and decided to liquidate their partnership. Prior
2 points Save Answer Ali, Basel and Ziad are sharing income and loss in a 4:3:2 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners, Ali has a capital balance of $(10.000), Basel has a capital balance of $24,000, and Ziad has a capital balance of $36,000. Also, cash balance is $50,000. Ali 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 6,000 4,000 Ali Capital 10,000 Basel capital 32,000 Ziad capital 18,000 Cash 50,000 Status: Cash 50,000 OB. Basel Capital 6,000 Ziad Capital 4,000 Ali Capital 10,000 Basel capital 18,000 Ziad capital 32,000 Cash 50,000 OC. Basel Capital 5,000 Ziad Capital 5,000 Ali Capital 10,000 Basel capital 19,000 Ziad capital 31,000 Cash 50,000 OD. Basel Capital 4,000 Ziad Capital 6,000 10,000 Ali Capital 18,000 Basel capital 32,000 Ziad capital 50,000 Cash A Moving to another question will save this response. esc F1 223 F3 F4
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