Question
B. Higgins, J. Mayo, and N. Rice have capital balances of $95,000, $75,000, and $60,000, respectively. They share income or loss on a 5:3:2 basis.
B. Higgins, J. Mayo, and N. Rice have capital balances of $95,000, $75,000, and $60,000, respectively. They share income or loss on a 5:3:2 basis. Rice is paid $54,000 in cash from partnership assets for his withdrawal from the partnership. The entry to record the withdrawal includes a :
Select one: a. debit N. Rice, Capital 54000 b. credit N. Rice, Capital 60000 c. credit B. Higgins, Capital 9000 d. credit cash 54000
--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
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