Rodriguez,Sate,and Melton are dissolving their partnership.Their partnership agreement allocates income and losses equally among the partners.The current period's ending capital account balances are Rodriguez,$32,000; Sate,$28,000; and Melton,$(4,000).After all the assets are sold and liabilities are paid,but before any contributions are considered to cover any deficiencies,there is $56,000 in cash to be distributed.Melton pays $2,000 to cover the deficiency in her account.The final distribution of cash would be as follows:
A) Rodriquez $30,000 and State $26,000.
B) Rodriquez $32,000 and State $26,000.
C) Rodriquez $30,000 and State $28,000.
D) Rodriquez $30,000 and State $27,000.
E) Rodriquez $31,000 and State $27,000.

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The Answer of Rodriguez,Sate,and Melton are dissolving their partnership.Their partnership agreement allocates income and losses equally among the partners.The current period's ending capital account balances are Rodriguez,$32,000; Sate,$28,000; and Melton,$(4,000).After all the assets are sold and liabilities are paid,but before any contributions are considered to cover any deficiencies,there is $56,000 in cash to be distributed.Melton pays $2,000 to cover the deficiency in her account.The final distribution of cash would be as follows:
A) Rodriquez $30,000 and State $26,000.
B) Rodriquez $32,000 and State $26,000.
C) Rodriquez $30,000 and State $28,000.
D) Rodriquez $30,000 and State $27,000.
E) Rodriquez $31,000 and State $27,000.

Rodriguez,Sate,and Melton Are Dissolving Their Partnership