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10. Campbel, Kabe, and Redding each have a capital balance of $90,000 Kate is retiring from the partnershp The prott and loss sharing ratio is

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10. Campbel, Kabe, and Redding each have a capital balance of $90,000 Kate is retiring from the partnershp The prott and loss sharing ratio is 1.2 1. Journalize the payenmont of $105,000 to Kate upon reirement (Record debits irst, then credits Select the explanation on the last line of the journal entry table ) Date Accounts and Explanation Debit Credit

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