650 Chapter 14 . Partnership Accounting and Reporting LO 6 E14.13 Rights of Creditors The following are data for the AB Partnership and for A and B as individuals. Assume that A and B are equal partners. AB Partnership Cash.... Liabilities.. Capital-A. Capital-B .... Partner A Cash. Case 1 $48,000 42,000 3,000 3,000 Case 2 $31,000 51,000 (8,000) (12,000) Liabilities. ...... 10,000 30,000 17,000 Partner B 17,000 Cash. Liabilities... 50,000 9,000 15,000 16,000 Required For each case, indicate how the assets of the partnership and the assets of each partner are applied if credi- tor claims are satisfied as fully as possible. LO 6 E14.14 Safe Paum