The CPA Partnership operated by Cook, Parks, and Argo is being liquidated. A balance sheet prepared at this stage in their liquidation process is presented below. Need help with the second journal entry, thanks!

The CPA Partnership operated by Cook, Parks, and Argo is being liquidated. A balance sheet prepared at this stage in their liquidation process is presented below. Cash $37,000 Liabilities $13,000 11,000 Parks, Loan Cook, Capital Parks, Capital Other Assets 46,000 32,000 11,000 16,000 Argo, Capital $83,000 $83,000 Total Total The partners share profits and losses 30% (Cook), 50% (Parks), and 20% (Argo). The partners are all personally insolvent. (a) Your answer is partially correct. Try again The partners wish to distribute the $37,000 in cash. Record in journal entry form the distribution of the available cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Liabilities 13000 Cash 13000 (To record payment of liabilities) Cook, Capital 17200 Argo, Capital 4800 Cash