After liquidating noncash assets and paying creditors, account balances in the Carla Vista Co. are Cash...

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After liquidating noncash assets and paying creditors, account balances in the Carla Vista Co. are Cash $19,100; A, Capital (Cr.) $7,800; B, Capital (Cr.) $6,500; and C, Capital (Cr.) $4,800. The partners share income equally. Journalize the final distribution of cash to the partners. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash A, Capital B. Capital C. Capital 0 1433.33 133.33 -1566.66 After liquidating noncash assets and paying creditors, account balances in the Carla Vista Co. are Cash $19,100; A, Capital (Cr.) $7,800; B, Capital (Cr.) $6,500; and C, Capital (Cr.) $4,800. The partners share income equally. Journalize the final distribution of cash to the partners. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash A, Capital B. Capital C. Capital 0 1433.33 133.33 -1566.66

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To journalize the final distribution of cash to the partners we need to distribute the remain... View the full answer