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Bianca Houston, Jana Alsup, and Keke Cross arranged to import and sell orchid corsages for a university dance. They agreed to share eq the net

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Bianca Houston, Jana Alsup, and Keke Cross arranged to import and sell orchid corsages for a university dance. They agreed to share eq the net income or net loss of the venture. Houston and Alsup advanced $270 and $420 of their own respective funds to pay for advertising and other expenses. After collecting for a" sales and paying creditors, the partnership has S 1,110 in cash. Use the minus sign to indicate any deficiency for the capital accounts a. How should the money be distributed Total Cross Alsup Houston Capital balances and cash distribution b. Assume that the partnership has only $600 instead of $1,110. Do any of the three partoers have a capital deficiency? .r so, how much? Total Alsup Cross Houston Capital balances

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