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Journalize the final distribution of cash to the partners

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Reference no: EM13512523

After liquidating noncash assets and paying creditors, account balances in the CAB Co. are Cash $21,000, C Capital (Cr.) $9,000, A Capital (Cr.) $7,000, and B Capital (Cr.) $5,000. The partners share income equally. Journalize the final distribution of cash to the partners.

Reference no: EM13512523

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