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After Liquidating noncash assets and paying creditors, account balances in the Cullumber Co are Cash $17,800 A, Capital (Cr) $8700; B, Capital (Cr) $5400; and
After Liquidating noncash assets and paying creditors, account balances in the Cullumber Co are Cash $17,800 A, Capital (Cr) $8700; B, Capital (Cr) $5400; and C, Capital (Cr.) $3700. The partners share income equally.
Journalize the final distribution of cash to the partners
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Bookkeeping And Accounting
Authors: Greg Shields
1st Edition
1983673536, 978-1983673535
