Get Homework Help with Chec X C12 Exan Chapter 12 Seareh Exam: Chapter 12 Help Save &Exit Submit Masters, Hardy, and Rowen are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account balances are Masters, $16,700, Hardy, $16,700, Rowen, $(3,700) After all the assets are sold and liabilities are paid, but before any contributions to cover any deficiencies, there is $29,700 in cash to be distributed. Rowen pays $3,700 to cover the desiciency in his account. The general journal entry to record the final distribution would be: 4: Multiple Choice Debit Masters, Capital $14,850, debit Hardy, Cephal S14,850, credit Cesh $29700 Debit Masters, Capital 5%,700, debit Hardy, Capital $6,700, credit Cesh $33,400 Debit Masters, Copital $9.900, debit Hardy, Capital $9.900, debit Rowen Capital $9,900, credit Cash $29700 Pre 4or 17 Next> 2