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After liquidating noncash assets and paying creditors, account balances in the Mann Co. are Cash $21,000; A, Capital (Cr.) $8,000; B, Capital (Cr.) $9,000; and
After liquidating noncash assets and paying creditors, account balances in the Mann Co. are Cash $21,000; A, Capital (Cr.) $8,000; B, Capital (Cr.) $9,000; and C, Capital (Cr.) $4,000. The partners share income equally. Which of the following statement is correct? O A. The journal entry to record the final distribution of cash to the partners. A, Capital 8,000 B, Capital C, Capital Cash 21,000 B. The journal entry to record the final distribution of cash to the partners. Cash 21,000 A, Capital B, Capital C, Capital 9,000 4,000 A, Capital B, Capital C, Capital 8,000 9,000 4,000 OC. The journal entry to record the fina distribution of cash to the partners. A, Capital 8,000 B, Capital 9,000 C, Capital 4,000 Income Summary 21,000 O D. The journal entry to record the final distribution of cash to the partners. Income Summary 21,000 8,000 9,000 4,000 3.125
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