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Question 14 -/5 Wildhorse Company wishes to liquidate the firm by distributing the company's cash to the three partners. Prior to the distribution of cash

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Question 14 -/5 Wildhorse Company wishes to liquidate the firm by distributing the company's cash to the three partners. Prior to the distribution of cash the company's balances are Cash $65.900: Oakley Capital (Cr) $51.900: Quaney, Capital (Dr.)$17.220; and Ells. Capital (Cr) $31.120. The income ratios of the three partners are 2:35. respectively Viewing Question 14 Accounting Dropdown Question 15 Accounting Dropdown Prepare the entry to record the absorption of Quaney's capital deficiency by the other partners and the distribution of cash to the partners with credit balancet. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and explanation Debit Credit Question 16 Anti Dropdown Question 17 Asting repon Question 1 Accounting room (To record write-off of capital deficiency) Question 19 Accordo Question 20 Question 21 Acco (to record distribution of cash to the partners) Question 22

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