Help 1 System Announcements Grace Period: 8 days left Register N PRINTER VERSION BACK NEXT ES Exercise 12-10 (Part Level Submission) Prior to the distribution of cash to the partners, the accounts in the VUP Company are: Cash $38,000; Vogel, Capital (Cr.) $22,400; Utech, Capital (Cr.) $20,400; and Pena, Capital (Dr.) $4,800. The income ratios are 5:3:2, respectively. VUP Company decides to liquidate the company. (a) Prepare the entry to record (1) Pena's payment of $4,800 in cash to the partnership and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) ay (2) Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 used