Chart of Accounts Starting Questions Journal Instructions Lewis, Zapata, and Fowler share equally in net income and net losses. After the partnership sells all assets for cash, divides the losses on relation and pays the liabilities, the balances in the capital accounts are as follows: Lewis, 567,300 Cr, Zapata, 544,010 Cr Fowler, $16,090 DE Required: A What term is applied to the debit balance in Fowler's capital account? B What is the amount of cash on hand? c On December 31, journalize the transaction that must take place for Lewis and Zapata to receive cash in the laudation process equal to their capital account balances. Refer to the Chart of Accounts for exact wording of account titles. Previous Next 113 O RE a aux ENG 1 30/1