[The following information applies to the questions displayed below.) The Field, Brown & Snow partnership was begun with investments by the partners as follows: Field, $129,700; Brown, $167.400; and Snow, $153,600. The partners decide to liquidate, sharing all losses equally. On May 31, after all assets were sold and all creditors were paid, only $45,400 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. 1 2. Record the transfer of the deficit to the other partner(s). Note: Enter debits before credits. General Journal Transaction (a) Debit Credit Record entry Clear ento 2 Record the disbursement of the remaining cash to the partner(s). Note: Enter debits before credits. General Journal Debit Credit Transaction (b)