Hill, Williams, and Kelce are partners and share income in a 1:2:2 ratio (in ratio form: Hill, 1/5; Williams, 2/5, Kelce, 2/5). The partnership's capital balances are as follows: Hill, $21,000, Williams $33,000 and Kelce $60,000. Hill decides to withdraw from the partnership and agrees to take $15,000 cash in payment of his capital balance. The journal entry to record the withdrawal contains a: Multiple Choice Debit to Cash for $15,000. Credit to Hill, Capital for $21,000. U Debit to Hill, Withdrawals for $21,000. O Credit to Capital, Kelce for $3,000. Credit to Cash for $21,000. O Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: Caitlin, 3/10; Chris, 4/10; Molly, 3/10). The partnership's capital balances are Caitlin, $120,000; Chris, $80,000; and Molly, $100,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $60,000. The balance in Caitlin's capital account immediately after Paul's admission is: Multiple Choice $120,000 $116,400 O $123,600 O $72,000 $60.000 O O Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: Caitlin, 3/10; Chris, 4/10; Molly, 3/10). The partnership's capital balances are Caitlin, $120,000; Chris, $80,000; and Molly, $100,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $160,000. The balance in Caitlin's capital account immediately after Paul's admission is: Multiple Choice $160,000 $140.400 O $107,200 O $120,400 $99,600