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Completion Statu Al, Basel and Ziad are sharing income and loss in a 4.3.2 ratio respectively and decided to liquidate their partnership. Prior to the
Completion Statu Al, Basel and Ziad are sharing income and loss in a 4.3.2 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners. Al has a capital balance of $(10.000). Basel has a capital balance of $24,000, and Ziad has a capital balance of $36,000 Also, cash balance is $50,000. Ali 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? COA Basel Capital Dad Capital 6.000 4,000 All Capital 10,000 Basel capital 32,000 Ziad capital 18.000 Cash 50,000 OB Basel Capital 6.000 Ziad Capital 4.000 All Capital 10,000 Basel capital 18,000 Ziad capital 32,000 Cash 50,000 OC Basel Capital 5,000 Ziad Capital 5.000 All Capital 10,000 Basel capital 19,000 Ziad capital 31,000 Cash 50,000 00 Basel Capital 4,000 Ziad Capital 6,000 10,000 All Capital 18,000 Basel capital Ziad capital 32.000 50,000 Cash Activate Windows Go to Setting
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