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prior to the distribution of cash to the partners,the accounts of abs company are :cash $ 30,000,ace capital (dr.)$ 10,000,ball,capital (cr.) $15,000 they share income
prior to the distribution of cash to the partners,the accounts of abs company are :cash $ 30,000,ace capital (dr.)$ 10,000,ball,capital (cr.) $15,000 they share income on a 5:3:2 basis Prepare entries to record the distribution of cash to the partners with credit balances
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