After liquidating noncash assets and paying creditors, account balances in the Cullumber Co$.$ are

Cash $$16,000$; A$,$ Capital $($Cr$.)$ $$7,500$; B$,$ Capital $($Cr$.)$ $$5,500$; and C$,$ Capital $($Cr$.)$ $$3,000.$ The

partners share income equally.

Journalize the final distribution of cash to the partners. $($Credit account titles are automatically

indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation Debit Credit