Smith, Brown and Easton (S, B & E) are partners with capital balances of $5 000, $4 000 and $2 000 respectively and S, B &E share profits 50 per cent, 25 per cent and 25 per cent respectively.

The partners have decided to liquidate the partnership and sell the non-cash assets for a $9 000 loss. After the loss is allocated the balances in each of the partners capital accounts will be (rounded to the nearest dollar):

Group of answer choices

d. Smith = Credit $2 000; Brown = Credit $1 000; Easton = Debit $1 000

Smith = Credit $909; Brown = Credit $727; Easton = Credit $363

b. Smith = Credit $667; Brown = Credit $667; Easton = Credit $667

c. Smith = Credit $500; Brown = Credit $1 750; Easton = Debit $250