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After liquidatingnoncash assets and paying creditors, account balances in the Oriole Co. are Cash
$17 , 800 ; A. Capital (Cr.) $7 , 600 ; B. Capital (Cr.) $6 , 600 ; and C , Capital ( Cr ) $3 , 600 .
The partners share income equally. Journalize the final distribution of cash to the partners.
(Credit account titles are automatically indented when amount is entered. Do not Indent
monuolly.

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  • 1. After liquidatingnoncash assets and paying creditors, account balances in the Oriole Co. are Cash $17 , 800 ; A. Capital (Cr.) $7 , 600 ; B. Capital (Cr.) $6 , 600 ; and C , Capital ( Cr ) $3 , 600 . The partners share income equally. Journalize the final distribution of cash to the partners. (Credit account titles are automatically indented when amount is entered. Do not Indent monuolly.