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Harrison, Dancy, and Louie have capital balances of $50,000, $55,000, and $45,000, respectively. The profit and loss ratio is 5:4.3, respectively. On May 1, Dancy

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Harrison, Dancy, and Louie have capital balances of $50,000, $55,000, and $45,000, respectively. The profit and loss ratio is 5:4.3, respectively. On May 1, Dancy withdraws from the partnership. The partnership pays Dancy $57,000 Required: Prepare the journal entry to record Dancy's withdrawal from the partnership

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