Question: Please help me !!!! View Policies Current Attempt in Progress Carla Vista Company wishes to liquidate the firm by distributing the company's cash to the

Please help me !!!!

View Policies Current Attempt in Progress Carla Vista Company wishes to liquidate the firm by distributing the company's cash to the three partners. Prior to the distribution of cash, the company's balances are Cash $70,800; Oakley, Capital (Cr.) $51,000; Quaney. Capital (Dr) $21.000; and Ellis, Capital (Cr) $40,800, The income ratios of the three partners are 2: 3:5, respectively. Prepare the entry to record the absorption of Quaney's capital deficiency by the other partners and the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit (To record write-off of capital deficiency) (To record distribution of cash to the partners) eTextbook and Media Save for Later Attempts: 0 of 2 used Submit

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