Question: akaAssignment/tokeAssignmentMain.do?invoker&takeAssignmentSessio Book Show Me How Print tem &inprogress-faise Update Uquidating Partnerships-Deficiency Prior to liquidating their partnership, Jolly and Haines had capital accounts of $8,000

akaAssignment/tokeAssignmentMain.do?invoker&takeAssignmentSessio Book Show Me How Print tem &inprogress-faise Update Uquidating Partnerships-Deficiency Prior to liquidating their partnership, Jolly and Haines had capital accounts of $8,000 and $33,000, respectively. The partnership assets were sold for $17.000. The partnership had no liabilities. Jolly and Haines share income and losses equally Required: a. Determine the amount of Jolly's deficiency b. Determine the ammunt distributed to Haines, assuming that Jolly is unable to satisfy the deficiency

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