Answered step by step
Verified Expert Solution
Question
1 Approved Answer
All Basel and Zat are sharing income and loss in a 432 ratio respectively and decided to liquidate the partnership Predation of ash to
All Basel and Zat are sharing income and loss in a 432 ratio respectively and decided to liquidate the partnership Predation of ash to the partners. Al has a capital balance of $30,000), Basel has a capital balance of $72.000, and Ziad has a capital balance of $108.000 A cash ance $150.000 All is NOT able to pay the amount he owes the partnership Which of the following two poumal entries are night to record this pidaton casa? OA Base Capital ad Capital 12,000 16,000 All Capital 30.000 Basel capital 64,000 Ziad capital Cash 96,000 150,000 On Basel Capital 15,000 Ziad Capital 15,000 All Capital 30,000 Basel capital 67,000 Ziad capital Cash 93.000 150,000 OC Basel Capital 18,000 Ziad Capital 12,000 All Capital 30,000 Basel capital 64,000 Ziad capital Cash 96,000 150,000 OD Basel Capital 18,000 Ziad Capital 12,000 All Capital 30,000 Basel capital 96,000 Ziad capital 54,000 Cash 150,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started