Assume A, B, and C Partnership. Profits and losses are shared in a ratio of 5:3:2 (A: 50%; B: 30%; C: 20%). The partnership is liquidated. All assets besides cash have been sold and liabilities paid. Only the payment of the partners' capital accounts remains to be done. When these are paid, the journal entry to record the transaction will include a and b A debit to Cash A debit to each partner's Partner Capital account for the balance remaining in each account A debit to each partner's Partner Capital account in a ratio of 5:3:2