Required information [The following information applies to the questions displayed below) The Field, Brown & Snow partnership was begun with investments by the partners as follows: Field, $131,000; Brown, $165,700; and Snow. $155,900. The partners decide to liquidate, sharing all losses equally. On May 31, after all assets were sold and all creditors were paid, only $47.000 in partnership cash remained 3. Assume that the partner with a deficit does not reimburse the partnership. Prepare journal entries (a) to transfer the deficit to the other partners and (b) to record the final disbursement of cash to the partners, Answer is not complete. No Transaction General Journal Credit 1 (a) Brown, Capital Snow, Capital Field, Capital OO Debit (30,500) 20,700 (4,200)