Dale Walker, Keith Allen, and Issa King have capital balances of $96,930, $77,490, and $6,320, respectively. They share profit or loss on a 5:3:2 basis. Allen withdraws from the partnership on September 30 of the current year. (a) Journal. e withdrawal of Allen under each of the following assumptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. 2. Your answer is partially correct. (1) Allen is paid $86,100 cash from partnership assets. Allen is paid $62,160 cash from partnership assets. Date Sept. 30 Account Titles K. Allen, Capital D. Walker, Capital Debit 77490 4305 Credit

Dale Walker, Keith Allen, and Issa King have capital balances of $96,930,$77,490, and $6,320, respectively. They share profit or los5 on a 5:3:2 basis. Allen withdraws from the partnership on September 30 of the current year. (a) Your answer is partially correct. Journ. e withdrawal of Allen under each of the following assumptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles (1) Sept. 30 K. Alleis Capital D. Waiker, Capital 1. King, Capital Cash (2) Sept. 30 Debit K. Allen, Capital D. Walker, Capital 1. King, Capital Cash Credit