JOURNAL ENTRIES: A, B and C are partners with capital balances of $30000 (forty thousand dollars) each. The three partners share income and losses in the ratio of 1:1:1. A withdraws from the partnership. What is the entry if A is paid $50,000 in partnership cash for his equity?

a. Dr. Cash 50,000; Cr. A, Capital 50,000

b. Dr. A, Capital 50,000; Cr. Cash 50,000

c. Dr. A, Capital 30,000, Dr. B, Capital 5,000, Dr. C, Capital 5,000; Cr Cash 40000

d. Dr Cash 50000; Cr. A, Capital 30,000, Cr. B, Capital 10,000, Cr. C, Capital 10,000

e. None of the above