Jabar Hassan, Mohammed Badoo, and Sanji Patel have capital balances of $650,000, $500,000, and $425,000, respectively, and they share profit on a 5:3:2 basis.

Instructions

Journalize the withdrawal of Sanji from the partnership under each of the following circumstances:

a) Sanji is paid $425,000 in cash from partnership assets.

b) Sanji is paid $450,000 in cash from partnership assets.

c) Sanji is paid $400,000 in cash from partnership assets.