Jack, Sabrina, and Cam each have a 390,000capital balance. They share profits and losses as follows 2:6:2: to Jack,Sabrina, and Cam, respectively. Suppose Camis withdrawing from the business.

Requirements 1. Journalize the withdrawal of Cam if the partnership agrees to pay390,000 cash.

Journalize the withdrawal of Cam if the partnership agrees to pay Cam $390,000 cash. (Record debitsfirst, then credits. Select the explanation on the last line of the journal entrytable.)

2. Journalize the withdrawal of Camif the partnership agrees to pay210,000 cash