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annah, Marnie, and Jessa have operated a partnership as filmmakers for a number of years. At the end of the year, before any allocation of

annah, Marnie, and Jessa have operated a partnership as filmmakers for a number of years. At the end of the year, before any allocation of profits, the partners have the following capital account balances: Hannah $25,000 Marnie 15,000 Jessa 10,000 Jessa makes a withdrawal of cash of $5,000, an amount allowed under the terms of the partnership agreement. What is the journal entry to record the withdrawal of cash by Jessa? ANSWER Unselected Date Accounts Debit Credit Cash 5,000 Jessa, Capital 5,000 Unselected Date Accounts Debit Credit Jessa, Withdrawals 5,000 Jessa, Capital 5,000 Unselected Date Accounts Debit Credit Jessa, Capital 5,000 Cash 5,000 Unselected Date Accounts Debit Credit Jessa, Withdrawals 5,000 Cash 5,000 Unselected I DON'T KNOW YET

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