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Mack, Harris, and Huss are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account

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Mack, Harris, and Huss are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account balances are Mack. $15,000. Harris, $15,000. Huss, $(2.000). After all the assets are sold and liabilities are paid, but before any contributions to cover any deficiencies, there is $28,000 in cash to be distributed. Huss pays $2,000 to cover the deficiency in his account. The general journal entry to record the final distribution would be: Select one: O a. Debit Mack, Capital $15,000; debit Harris, Capital $15,000; credit Cash $30,000. O b. Debit Mack, Capital $14,000; debit Harris, Capital $14,000; credit Cash $28,000. O c. Debit Cash $28,000; debit Huss, Capital $2,000; credit Mack, Capital $15,000; credit Harris, Capital $15,000. O d. Debit Mack, Capital $15,000; debit Harris, Capital $15,000; credit Huss. Capital $2,000: credit Cash $28,000. Muna is investing in a partnership with Emad. Muna contributes as part of her initial investment, Accounts Receivable of $30,000; an Allowance for Doubtful Accounts of $4,500; and $3,000 cash. The entry that the partnership makes to record Muna's initial contribution includes a: Select one: O a. credit to Muna, Capital for $28,500. O b. credit to Muna, Capital for $33,000. O c. debit to Allowance for Doubtful Accounts for $4,500. O d. debit to Accounts Receivable for $25,500. In 2019, ABC Company, sold land for $130,000 cash, purchased equipment for $19,000 cash and issued bonds for $100,000 cash. The Net cash provided by investing activities is: Select one: O a. $230,000 O b. $211,000. O c. $111.000. od. $149,000. In Weston Company, land decreased $150,000 because of a cash sale for $150,000, the equipment account increased $60,000 as a result of a cash purchase, and Bonds Payable increased $120,000 from issuance for cash at face value. The net cash provided by investing activities is Select one: O a. $90,000 O b. $270,000. O c. $210,000 d. $150.000

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