part b

Prior to distribution of cash to the partners, the accounts in the Crane Company are Cash S37SCO: Vogel. Capital (Cro S21 ,400; Utech. Capital Cr.) and Pena. Capital income ratios are respective" Crane decides to liquidate the company Your answer is correct. Prepare the entry to record (I) Pena's payment of S3.2(X) in cash to the oartnership and (2) the distribution of cash to the partners with edit balancw (Credit account titles are automaticalty indented when arnount is entered not irxjent nunualty)