The balance sheet of Ryan and Peter firm as on December 31, 2014, is given below. 
Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership with immediate effect. The accounts payable were settled at $12,000 due to the poor financial condition of the partnership firm. As a result, Ryan's capital account will be credited by:
Definitions:
Centimeters
A unit of length in the metric system, equivalent to one hundredth of a meter.
Inches
A unit of length in the imperial and US customary systems, equivalent to 1/12th of a foot.
Dimensional-analysis
A technique utilized for converting measurements by applying the fundamental properties of dimensions associated with the variables involved.
Centimeters
A unit of length in the metric system, equal to one hundredth of a meter, commonly used to measure small distances.
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