Question: QUESTION 17 17. The partnership between Gary Jones and Jeffery Blaze share income and losses in a of 3:1, respectively. At the end of December

 QUESTION 17 17. The partnership between Gary Jones and Jeffery Blaze

QUESTION 17 17. The partnership between Gary Jones and Jeffery Blaze share income and losses in a of 3:1, respectively. At the end of December 31, 2020, they decided to liquidate the partnership. The following information was available to you prior to the commencement of liquidation: Inventory Accounts Payable Gary Jones Cap Jeffery Blaze Cap 20,000 50,000 5,000 45,000 20,000 Additional Information: 1. Inventory was sold for $55,000. Cash 2. Liabilities were paid 3. Cash distributed to partners after liquidation What was the final cash distributed to Jeffrey after the liquidation was completed? A $46750 B. $21,250 C. $48,750 D.S$22,250

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