John, Jack, and Judith each have a $60,000 capital balance. John is retiring from the business. The profanos sharing rate for John, Jack, and Judith is 232, rectively. Journalize the payment of $72,000 1 Joh upon his retirement on July 31. (Record debits first, then credits Select the explanation on the line of the journal entry table) Date Accounts and Explanation Debit Crede JA 31