Multiple-choice

a nartnershin has two nartners. nartner Nara and partner Hava who share net income and net losses equally (income ratio 1:1), and have capital balances of 50,000 and 60,000 respectively (The partnership has (cash of $20,000), (other asset of 140,000), (liabilities of 50,000 The partners decide to liquidate the partnership. the partners sold the other for 100,000 ? Record entry of the allocation of the loss (gain) to each partner Dr. Cash 100,000 Dr. Nora capital 20,000 .ao Dr. Haya capital 20,000 Cr. Other assets 140,000 Dr. Cash 140,000 Cr. Other assets 140,000 .bo Dr. Nora capital 20,000 Dr. Haya capital 20,000 .CO Cr. Other assets 40,000 " " " . jove.de