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Question 13 Question 13 13 A B and C are partners and sharing income and loss in a 3.2:1 ratio respectively. They decided to liquidate the partnership. Before the final distribution of the remaining cash to the partners. A has a capital balance of $ (30,000), B has a capital balance of $72,000 and C has a capital balance of $48.000. Cash balance is $90,000. A paid the amount he owes the partnership 5 points Required; Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE BETWEEN NUMBERS: Dr Cash 100000 Cr Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac), B I S Paragraph Arial 10pt II! > 1 & I % OG THE + IT 2 -- Activate Windows O WORDS POWERED BY TN