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After liquidating noncash assets and paying creditors, account balances in the Sunland Co. are Cash $18,900; A. Capital (Cr.) $8,800 B. Capital (Cr.) $5,300;
After liquidating noncash assets and paying creditors, account balances in the Sunland Co. are Cash $18,900; A. Capital (Cr.) $8,800 B. Capital (Cr.) $5,300; and C, Capital (Cr.) $4,800. 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
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
