After liquidating non-cash assets and paying creditors (liabilities), account balances in the Hi & Lo Partnership are: Cash $32,000 Hi, capital $15,000 Lo, capital $17,000 The partners share profits (losses) equally. The journal to record the final distribution of cash to the partners is:
A.
Dr Hi, capital 16,000 Dr Lo, capital 16,000 Cr Cash 32,000
B.
Dr Hi, capital 15,000 Dr Lo, capital 17,000 Cr Cash 32,000
C.
Dr Cash 32,000 Cr Hi, capital 15,000 Cr Lo, capital 17,000
D.
Dr Cash 32,000 Cr Hi, capital 16,000 Cr Lo, capital 16,000