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After liquidating noncash assets and paying creditors, account balances in the Mann Co. are Cash $18,340; A, Capital (Cr.) $7,950; B, Capital (Cr.) $6,250; and
After liquidating noncash assets and paying creditors, account balances in the Mann Co. are Cash $18,340; A, Capital (Cr.) $7,950; B, Capital (Cr.) $6,250; and C, Capital (Cr.) $4,140. The partners share income equally. Journalize the final distribution of cash to the partners.
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