Question: After the partnership has been operating for several years, the Capital accounts of Martin, Steven, and Sania are $50,000, $32,000, and $18,000, respectively. Sania decides
After the partnership has been operating for several years, the Capital accounts of Martin, Steven, and Sania are $50,000, $32,000, and $18,000, respectively. Sania decides to leave the partnership and is allowed to withdraw $18,000 in cash. Prepare the journal entry to record the withdrawal on the partnership books.
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