The Balance Sheet of Ryan and Peter Firm as at 30

Multiple Choice

The balance sheet of Ryan and Peter firm as at 30 June 2017 is given below. $\begin{array}{|r|r|l|l|}\hline{\text { Assets }} &&{\text { Liabilities }} & \\\hline \text { Cash } & \$ 15,000 & \text { Accounts payable } & \$ 14,000 \\\hline \text { Accounts receivable } & 12,000 & \text { Other liabilities } & 25,000 \\\hline \text { Furniture } & 25,000 &{\text { Partners' equity }} & \\\hline \text { Equipment } & 40,000 & \text { Ryan, capital } & 30,000 \\\hline \text { Other assets } & 7000 & \text { Peter, capital } & 30,000 \\\hline \text { Total assets } & \$ 99,000 & \text { Total liabilities and partner's' equity }& \$ 99,000\\\hline\end{array}$ 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 $11,000 due to the poor financial condition of the partnership firm.As a result,Ryan's capital account will be credited by:

A) $1800.
B) $9000.
C) $6600.
D) $3000.