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help Q A B and C are partners and sharing income and loss in a 3 2 1 ratio respectively. They decided to liquidate the
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Q A B and C are partners and sharing income and loss in a 3 2 1 ratio respectively. They decided to liquidate the partnership. Before the front the rung cash to the partners. A has a capital balance of $ (30.000), B has a capital balance of $72,000 and has a capital balance of $48.000 Cash 0.000. ANG the amount he owes the partnership Required: Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 100000 Cr Land 100000 For the toolbar, press ALT+F10 (PC) or ALTOFNF10 (Mac) BIVS Paragraph Arial 10pt A 2 IX STT EB +1 r D :) 0 WORS POWER Step by Step Solution
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