Question: Question 6 3 points Save Answer Ameera, Batool and Zahra are sharing income and loss in a 4:3.2 ratio respectively and decided to liquidate their

 Question 6 3 points Save Answer Ameera, Batool and Zahra are

Question 6 3 points Save Answer Ameera, Batool and Zahra are sharing income and loss in a 4:3.2 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners, Ameera has a capital balance of $(20,000), Batool has a capital balance of $48,000, and Zahra has a capital balance of $72,000. Also, cash balance is $100,000. Ameera is NOT able to pay the amount she owes the partnership. Required: Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE "," BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial IX % o 14px

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