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Jefferson Cleveland and Mckinlay are parts with capital balance on June 200 P. 90.000 P...

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Accounting

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Jefferson Cleveland and Mckinlay are parts with capital balance on June 200 P. 90.000 P 90.000 and P 60 000 respectively. Proto share. Men whom the partnership. The partners agree that Mckinley to take con tuture and its second hand value of P 3.000, and a note for the balance of his wrest. The turned are carried on the books as fully depreciated. What is the entry would be made to record the settlement with Machine A. Mckinley, capital 00.000 Notes payable 50.000 B. Mckinley, capital 50.000 Furniture and fixture 3.500 Notes payable 52 800 Jefferson, capital 1.800 Cleveland C. Mckinley, capital 61,200 Furniture and fixture Notes payable 19.200 D. Mckinley, capital 61,200 1.200 Jefferson 1,200 Cleveland, capital Mckinley, capital 57,600 Notes payable 1 800 3,800 1.200

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