The journal entries to record $3,000 cost of dissolution of a
partnership are:

Question

Answer

Dr. Current Accounts of Partners              $3,000 Cr. Bank                                                            $3,000

Answer

Dr. Capital Accounts of Partners $3,000

Cr. Bank $3,000

0%

Answer

Dr. Dissolution Cost $3,000 Cr. Bank                       $3,000

Answer

Dr. Realization                  $3,000 Cr. Bank                              $3,000

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