c) Alex has a capital balance of $54,000, Brent has a capital balance of $82,000, and Zoey has a capital balance of $ 36,000. They have a profit/loss ratio of 4:2:4.

Instructions:

Prepare the journal entry on the books of the partnership to record the withdrawalof Zoey from the partnership under each of the following independentassumptions:

i) Zoey is paid $ 48,000 from partnership assets. ( 2 Marks )

ii) Zoey is paid $ 27,000 from partnership assets. ( 2 Marks )