Lewis, Zapata, and Fowler share equally in net income and net losses. After the partnership sells all assets for cash, divides the losses on realization, and pays the liabilities, the balances in the capital accounts are as follows: Lewis, $$73,500Cr$; Zapata, $$41,000Cr.$ Fowler, $$17,000Dr.$

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 liquidation process equal to their capital account balances. Refer to the chart of accounts for the exact wording of the account tities. CNOW journals do not use lines for journat explanations. Every line on a journal page is used for debit or credit entrles. CNOW journals will automatically indent a credit entry when a credit amount is entered.