Question 8 (11 points) Lewis and Clark operate a partnership. They share profit and losses in a ratio of 6:4 respectively. On December 31, the records show the following account balances: Cash Accumulated Equipment depreciation, Equipment $65,000 $35,000 Accounts payable Lewis, capital Clark, capital $45,000 $32,000 $8,000 $35,000 Required: Present the journal entries to record the liquidation of the partnership assuming the equipment is sold for $8,000 on December 31. A partner with a capital deficiency is unable to pay the amount owed to the partnership Format B I U GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT