Prior to the distribution of cash to the partners, the accounts in the partnerships Are Cash $12,000; Ahmad Capital (Cr.) $8,500; Hasan, Capital (Cr.) $7,500; and Noor ,Capital (Dr.) $4,000. The income ratios are 5:3:2, respectively. The partners decides to Liquidate the company Instructions (a) Prepare the entry to record (1) Noor payment of $8,000 in cash to the partnership and (2) the distribution of cash to the partners with credit balances.

(b) Prepare the entry to record (1) the absorption of Noor capital off set by the other Partners and (2) the distribution of cash to the partners with credit balances