Question 11 A, B and C are partners and sharing income and loss in a 3:2:1 ratio respec balance of $ (30,000), B has a capital balance of $72,000 and C has a capital Required: Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE - Dr. Cash 100000 Cr. Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 ( Mac). BI U S Paragraph Arial V 10pt Question 11 of 13 5 points Save Arswet ss in a 3:2:1 ratio respectively. They decided to liquidate the partnership. Before the final distribution of the remaining cash to the partners, A has a capital 2000 and C has a capital balance of $48,000. Cash balance is $90,000. A paid the amount he owes the partnership. e liquidation process. FORM; DO NOT USE "" BETWEEN NUMBERS: V 10pt : A v Ix do Q se O WORDS POWERED BY TINY hp