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Remaining Time: 1 hour, 57 minutes, 17 seconds. Question Completion Status: Ly Moving to another question will save this response. Question 2 of 16 Question
Remaining Time: 1 hour, 57 minutes, 17 seconds. Question Completion Status: Ly Moving to another question will save this response. Question 2 of 16 Question 2 2 points Save A All, Basel and Ziad are sharing income and loss in a 4:3:2 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners, All has a capital balance of $(20,000), Basel has a capital balance of $48,000, and Ziad has a capital balance of $72,000. Also, cash balance is $100,000. All Is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital 8,000 Zlad Capital 12,000 20,000 Basel capital 36,000 64,000 Ziad capital Cash 100,000 OB. Basel Capital 12,000 Ziad Capital 8,000 20,000 Basel capital 36,000 64,000 Ziad capital Cash 100,000 All Capital All Capital WEBCA Remaining Time: 1 hour, 57 minutes, 07 seconds. Question Completion Status: OB Basel Capital Ziad Capital 12,000 8,000 Basel capital 36,000 Ziad capital 64,000 Cash OC. Basel Capital 10,000 Ziad Capital 15,000 Basel capital 38,000 62,000 Ziad capital Cash OD Basel Capital 12,000 Ziad Capital 8,000 Basel capital 64,000 36,000 Ziad capital Cash All Capital All Capital All Capital 20,000 100,000 20,000 100,000 20,000 100,000 20/16 WEBCAM
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