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Colby. Keira. and Robinson each have a capital balance of $85,000. Keira is retiring from the partnership. The profit-and-loss sharing ratio is 1:2:1. Journalize the

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Colby. Keira. and Robinson each have a capital balance of $85,000. Keira is retiring from the partnership. The profit-and-loss sharing ratio is 1:2:1. Journalize the payment of $115,000 to Keira upon retirement. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

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