Jovan, Jared, and Justine each have a $90,000 capital balance. Jovan is retiring from the business. The profit-and-loss-sharing ratio for Jovan, Jared, and Justine is 2:3:2, repectively. Journalize the payment of $106,000 to Jovan upon his retirement on July 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jul. 31