Mack harris and huss are dissolving their partnership their

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Mack, Harris, and Huss are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account balances are Mack, $15,000, Harris, $15,000, Huss, $(2,000). After all the assets are sold and liabilities are paid, but before any contributions to cover any deficiencies, there is $28,000 in cash to be distributed. Huss pays $2,000 to cover the deficiency in his account. The general journal entry to record the final distribution would be?

Reference no: EM13607434

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Mack harris and huss are dissolving their partnership their : mack harris and huss are dissolving their partnership. their partnership agreement allocates income and losses equally
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