After liquidating non-cash assets and paying creditors, account balances in the Kidz Co. are Cash $19,000, A

Question:

After liquidating non-cash assets and paying creditors, account balances in the Kidz Co. are Cash $19,000, A Capital (Cr.) $8,000, B Capital (Cr.) $7,000, and C Capital (Cr.) $4,000. The partners share income equally. Journalize the final of cash to the partners.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...