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Exercise 12-10 a-b (Part Level Submission) Prior to the distribution of cash to the partners, the accounts in the Sunland Company are Cash $32,800; Vogel, Capital (Cr) $19,000: Utech, Capital (Cr.) $17,000; and Pena, Capital (Dr.) $3,200. The come ratios are 5:3:2, respectively. Sunland Company decides to liquidate the company (a) an Your answer is correct. Prepare the entry to record (1) Pena's payment of $3,200 in cash to the partnership and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Cash dy 3200 Pena, Capital 3200 (2) Utech, Capital 17000 Vogel, Capital 19000 Cash 360DD Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 2 of 3 used Your answer is partially correct. Try again. Prepare the entry to record (1) the absorption of Pena's capital deficiency by the other partners and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatic indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Vogel, Capital Utech, Capital Pena, Capital (2) Utech, Capital Idol Vogel, Capital Cash Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Your answer is partially correct. Try again. Assume instead that Foss leaves the partnership. Foss is paid $132,000 with a bonus to the retiring partner. Prepare the journal entry to record Foss's withdrawal. (Credit account title indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Foss, Capital 88400 Alberston, Capital Espinosa, Capital Cash Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 3 used SAVE FOR LATE