Learning Objective 5 E12-20 Accounting for withdrawal of a partner The O'Hara and Parks partnership balance sheet reports capital of $55,000 for O'Hara and $110,000 for Parks. O'Hara is withdrawing from the firm. The part- ners have shared profits and losses in the ratio of 1/4 to O'Hara and 3/4 to Parks. The partnership agreement states that a withdrawing partner will receive cash equal to the book value of his partners' equity. Journalize the withdrawal of O'Hara. Cash $55,000 CR 1 of 10) - Oogle Chrome die suc.edu.om You me logged in as Almad Aa Raha HALA action to Accounting (1) one introduction to Accounting Amyod and Molek tompo on June and contributes OMR 20.000 cash Inventory with a market value of OMR 55,000, and Accounts Payable of OMR 120.000. And when he computer qument with cost OMR 110 000 and accemulated depreciation of OMR 35.000 Current market value is OMR 125.000 Amal will be Salone OC 000 O Debit DDO O Debt. B DOO O d. Cut 65.000