When accounting for a deceased partner's share of profit for the intervening period using a suspense account, which sequence of journal entries is described?
1
Debit Profit & Loss Account, Credit Deceased Partner's Capital Account; Debit Gaining Partners' Capital Accounts, Credit Profit & Loss Account
2
Debit Deceased Partner's Capital Account, Credit Profit & Loss Suspense Account; Debit Profit & Loss Suspense Account, Credit Gaining Partners' Capital Accounts
3
Debit Profit & Loss Suspense Account, Credit Deceased Partner's Capital Account; Debit Gaining Partners' Capital Accounts, Credit Profit & Loss Suspense Account
4
Debit Gaining Partners' Capital Accounts, Credit Deceased Partner's Capital Account (without using a suspense account initially)