Prior to the distribution of cash to the partners, the accounts in the Cullumber Company are Cash $ $36,800$ ; Vogel, Capital $($ Cr $.)$ $ $22,200$ ; Utech, Capital $($ Cr $.)$$ $20,200$ ; and Pena, Capital $($ Dr $.)$$ $5,600.$The income ratios are $5$ : $3$ : $2,$respectively$.$ Cullumber Company decides to liquidate the company. $($ a $)$ Prepare the entry to record $(1)$Pena$\text{'}$s payment of $ $5,600$in cash to the partnership and $(2)$the distribution of cash to the partners with credit balances. $($ Credit account titles are automatically indented when amount is entered. Do not indent manually. $)($ b $)$Prepare the entry to record $(1)$the absorption of Pena's capital deficiency by the other partners and $(2)$the distribution of cash to the partners with credit balances. $($ Credit account titles are automatically indented when amount is entered. Do not indent manually. $)($b$)$

Prepare the entry to record $(1)$ the absorption of Pena's capital deficiency by the other partners and $(2)$ the distribution of cash to

the partners with credit balances. $($Credit account titles are automaticolly indented when amount is entered. Do not indent manullly.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$(1)$

$(2)$