PRINTER VERSION CALCULATOR BACK NEXT Exercise 12-10 a-b (Part Level Submission) Prior to the distribution of cash to the partners, the accounts in the Sandhill Company are Cash $34,000; Vogel, Capital (Cr.) $19,600; Utech, Capital (Cr.) $17,600; and Pena, Capital (Dr.) $3,200. The income ratios are 5:3:2, respectively. Sandhill Company decides to liquidate the company. (a) Your answer is correct. Prepare the entry to record (1) Pena's payment of $3,200 in cash to the partnership and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit No. Account Titles and Explanation Credit 3,200 (1) Cash Pena, Capital 3,200 19600 (2) Vogel, Capital 17600 Utech, Capital 37200 Cash Open Show Work Click if you would like to Show Work for this question: CALCULATOR PRINTER VERSION 4BACK NI Attempts: 1 of 3 used (q) Prepare the entry to record (1) the absorption of Pena's capital deficiency by the other partners and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (2) Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT SUBHIT ANSWER Attempts: 0 of 3 used SAVE POR LATER