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please solve this sing Time: 30 minutes, 25 seconds Question Completion Statu Question 3 Ak, Basel and Ziad are sharing income and loss in a
please solve this
sing Time: 30 minutes, 25 seconds Question Completion Statu Question 3 Ak, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners, Ali has a capital balance of $(20,000), Basel has a capital balance of $48,000, and Ziad has a capital balance of $72,000 Also, cash balance is $100,000 Ali is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital Ziad Capital 12,000 8,000 Ali Capital 20,000 Basel capital 36,000 Ziad capital Cash 64,000 100,000 OB Basel Capital 8,000 Ziad Capital 12,000 All Capital 20,000 Basel capital 36,000 64,000 Ziad capital Cash 100,000 OC Basel Capital 12,000 Ziad Capital 8,000 Ali Capital 20,000 Basel capital 64,000 36,000 Ziad capital Cash 100,000 10,000 OD Basel Capital Question Completion Status: prver Copma Ziad capital Cash OB Basel Capital Ziad Capital Ali Capital Basel capital Ziad capital Cash OC Basel Capital Ziad Capital Ali Capital Basel capital Ziad capital Cash OD Basel Capital Ziad Capital Basel capital Ziad capital Cash Ali Capital www.www 64,000 8,000 12,000 36,000 64,000 12,000 8,000 64,000 36,000 10,000 15,000 38,000 62,000 100,000 20,000 100,000 20,000 100,000 20,000 100,000 Step by Step Solution
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