Question 16 Ali, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners, Ali has a capital balance of $(20,000), Basel has a capital balance of $48,000, and Ziad has a capital balance of $72,000 Also, cash balance is $100,000 All is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital 12,000 8,000 Ziad Capital Ali Capital 20,000 Basel capital Ziad capital Cash 100,000 OB Basel Capital Ziad Capital All Capital 20,000 Basel capital Ziad capital Cash 100,000 Activate Windows OC. Basel Capital Ziad Capital 20,000 Ali Capital WYMIE Basel capital 36,000 64,000 12,000 8,000 64,000 36,000 8,000 12.000 36,000 OC. Basel Capital Ziad Capital Basel capital Ziad capital Cash OD. Basel Capital Ziad Capital Basel capital Ziad capital Cash Ali Capital Ali Capital 8,000 12,000 36,000 64,000 10,000 15,000 38,000 62,000 20,000 100,000 20,000 100,000 D