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After liquidating noncash assets and paying creditors, account balances in the Cullumber Co. are Cash...

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Accounting

image After liquidating noncash assets and paying creditors, account balances in the Cullumber Co. are Cash $17,800;A,Capital(Cr.) $8,700; B. Capital (Cr.) \$5,400; and C. Capital (Cr.) \$3,700. 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 manually.)

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