Bookmarks People Tab Window Help IT-1001-09-21/SP urses/19168/quizzes/22105/take Dr. Marianna I D Question 1 40 $ BL-2101-02-21/SP x Quiz: Chapter 12 Quiz x Calendar 4 pts Masters, Hardy, and Rowen are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account balances are Masters, $15,000: Hardy, $15,000; Rowen, $12,000). After all the assets are sold and liabilities are paid, but before any contributions to cover any deficiencies, there is $28,000 in cash to be distributed. Rowen pays $2,000 to cover the deficiency in his account. The general journal entry to record the final distribution would be: O Debit Cash $28,000; debit Rowen, Capital $2,000: credit Masters, Capital $15,000; credit Hardy, Capital $15,000. O Debit Masters. Capital $15,000: debit Hardy, Capital $15,000; credit Rowen, Capital $2,000; credit Cash) $28,000 Debit Masters, Capital $9.334; debit Hardy Capital $9.333; debit Rowen, Capital $9,333; credit Cash $28,000. O Debit Masters, Capital $14,000; debit Hardy, Capital $14,000: credit Cash $28,000. O Debit Masters. Capital $15,000; debit Hardy, Capital $15,000 credit Cash $30,000, Question 2 meeting-962822....les 54 % 5 < 6 4 pts Ps & 7 8 61 9 0