Before the final distribution of cash, account balances are: Cash $23,000; S. Penn, Capital $19,000...
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Accounting
Before the final distribution of cash, account balances are: Cash $23,000; S. Penn, Capital $19,000 (Cr.); L. Pattison, Capital $12,000 (Cr.); and M. Jeter, Capital $8,000 (Dr.). Jeter is unable to pay any of the capital deficiency. If the income-sharing ratios are 5 : 3 : 2, respectively, how much cash should be paid to L. Pattison?
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