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After liquidating noncash assets and paying creditors, account balances in the Blossom partnership are Cash $25.200; A. Capital (r.) $9,600; B, Capital (Cr) $10,800; and

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After liquidating noncash assets and paying creditors, account balances in the Blossom partnership are Cash $25.200; A. Capital (r.) $9,600; B, Capital (Cr) $10,800; and C, Capital (Cr.) $4,800. The partners share profit equally Journalize the final distribution of cash to the partners. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record final distribution to partners.)

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