Mason, Paul, and Ricky have capital balances of $120,000, $105,000 and $140,000, respectively. As per the partnership agreement, Mason receives a profit share of 1/10, Paul receives 4/10, and Ricky receives 5/10. The partnership agrees to pay $125,000 as final settlement to Mason. Journalize the entry for the withdrawal of Mason from the partnership. (Do not round intermediate calculations and round the final answer to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Accounts Debit Credit

Mason, Paul, and Ricky have capital balances of $120,000,$105,000 and $140,000, respectively. As per the partnership agreement, Mason receives a profit share of 1/10, Paul receives 4/10, and Ricky receives 5/10. The partnership agrees to pay $125,000 as final settlement to Mason. Journalize the entry for the withdrawal of Mason from the partnership. (Do not round intermediate calculations and round the final answer to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Time Remaining: 01:16:26