Toast, a Belleville, Ontario, restaurant, began with investments by the partners as follows: Lea, $240,700; Eva, $179.100; and Sophia, $193,500. The first year of operations did not go well, and the partners finally decided to liquidate the partnership, sharing all losses equally. On December 31, after all assets were converted to cash and all creditors were paid, only $61,900 in partnership cash remained. Required: 1. Calculate the capital account balances of the partners after the liquidation of assets and payment of creditors. (Negative amounts should be indicated by a minus sign.) Lea Eva Sophia Total Capital balances 2. Assume that any partner with a deficit pays cash to the partnership to cover the deficit. Present the general journal entries on December 31 to record the cash receipt from the deficient partner(s) and the final disbursement of cash to the partners. Wser=0&launchUrl=https%253A%252F%252Fnewconnect.mheduca Maps Prime Video Overview-Billing-Google Cloud Platf... Panel Physicians ework i Saved View transaction list Journal entry worksheet < 1 2 Record the payment of deficiency. es Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Android fundament..... 3. Now make the contrary assumption that any partner with a deficit is not able to reimburse the partnership. Present journal entries: (a) to transfer the deficit of any deficient partners to the other partners, and (b) to record the final disbursement of cash to the partners. View transaction list Journal entry worksheet < 1 2 Record the transfer deficiency to other partners. Note: Enter debits before credits. Date: Dec 31 General Journal Debit Credit 3. Now make the contrary assumption that any partner with a deficit is not able to reimburse the partnership. (a) to transfer the deficit of any deficient partners to the other partners, and (b) to record the final disbursemen View transaction list Journal entry worksheet < 1 3 CP Record the distribution of remaining cash. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit