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Matt is withdrawing from the partnership of Matt, Lee, and Karla. The partners share profits and losses in a 1:2:3 ratio for Matt, Lee, and

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Matt is withdrawing from the partnership of Matt, Lee, and Karla. The partners share profits and losses in a 1:2:3 ratio for Matt, Lee, and Karla, respectively. After the revalua- tion of assets, Matt's capital balance is $50,000, and the other partners agree to pay him $60,000. Journalize the payment to Matt and his withdrawal from the partnership

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