A & B formed a partnership on January 1 Partners A and B withdraw cash of $800 and $1,500, respectively. Drawings in excess of $1,000 are viewed as excessive withdrawals and are charged against capital. What is the logical entry?

a.

Debit to Drawing Partner A for $800, Debit to Drawing partner B $1,500

b.

Debit to Capital Partner A for $800, Debit to Drawing Partner B for $1,500

c.

Debit to Capital Partner A for $800, Debit to Capital Partners B for $1,500

d.

Debit to Drawing Partner A for $800, Debit to Capital Partner B for $1,500

D & E. share profits and loss in an agreed ratio of 5/7. With a net inocme of 85,000. E's share of net income would be:

45000

42500

49583

60714