Question
Three partners are liquidating and have capital balances as follows: Mia $5,000; Carlyle $9,000; and Roger ($3,000). Roger will pay back his deficiency. The entry
Three partners are liquidating and have capital balances as follows: Mia $5,000; Carlyle $9,000; and Roger ($3,000). Roger will pay back his deficiency. The entry to record this transaction will include a (debit/credit) ________ to Roger, Capital in the amount of _______.
credit; $17,000
debit; $3,000
credit; $11,000
credit; $3,000
debit; $17,000
debit; $11,000
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Residential Energy Auditing And Improvement
Authors: Stan Harbuck, Donna Harbuck
1st Edition
8770229252, 978-8770229258
