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Blackboard xc Show o BB Question Completion Status MERCAM All, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided
Blackboard xc Show o BB Question Completion Status MERCAM All, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners, All has a capital balance of $30,000). Basel has a capital balance of $22.000, and Zad has a capital balance of $108,000 Also, cash balance is $150,000. All is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital Zad Capital 18,000 12,000 All Capital 30,000 Basel capital 54.000 Ziad capital 96.000 Cash 150,000 Basel Capital 15.000 Ziad Capital 15,000 All Capital 30,000 Baset capital 57.000 Ziad capital 93,000 Cash 150,000 OC Basel Capital 18,000 Zad Capital 12,000 All Capital 30.000 Basel capital Ziad capital 96.000 54,000 Cash 150,000 00 Basel Capital 12,000 Ziad Capital 10,000 All Capital 30.000 Basel capital 54,000 Ziad capital 90.000 Cash 150.000
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