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3 points Save Answe Ameera, Batool and Zahra are sharing income and loss in a 4-3:2 ratio respectively and decided to liquidate their partnership. Prior
3 points Save Answe Ameera, Batool and Zahra 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, Ameera has a capital balance of S(10,000), Batool has a capital balance of $24,000, and Zahra has a capital balance of S36,000. Also, cash balance is $50,000. Ameera is NOT able to pay the amount she owes the partnership Required: Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE" BETWEEN NUMBERS Dr. Cash 100000 Cr. Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U Paragraph Arial 14px m Ix do 6 o a F
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