ers ely, en. be me hat hat the 8. (LO 6) AP Capital balances in the Alouette partnership are Trem- blay, Capital $50,000; St-Jean, Capital $40,000; and Roy, Capital $30,000. The profit and loss ratio is 5:4:3. Roy withdraws from the partnership after being paid $16,000 personally by each of Tremblay and St-Jean St-Jean's capital balance after recording the withdrawal of Roy is: a. $46,000. c. $55,000. b. $50,000. d. $65,000. 9. (LO 6) AP Capital balances in the TERM partnership are Takako, Capital $50,000; Endo, Capital $40,000; Reiko, Capital $30,000; and Maeda, Capital $20,000. The profit and loss ratio is 4:3:2:1. Maeda with- draws from the firm after receiving $29,000 in cash from the partner- ship. Endo's capital balance after recording the withdrawal of Maeda is: a. $36,000. c. $37,300. b. $37,000. d. $40,000. 10. (LO 7) K In the liquidation of a partnership, it is necessary to (1) distribute cash to the partners, (2) sell noncash assets, (3) allocate any gain or loss on realization to the partners, and (4) pay liabilities. These steps should be performed in the following order: a. (2), (3), (4), (1). b. (2), (3), (1), (4). c. (3), (2), (1), (4). d. (3), (2), (4), (1).