On August 31, Sandy retires from the partnership of Sandy, Blake, and Theo. The partner capital balances are Sandy, $46,0 Requirements 1. Joumalize the withdrawal of Sandy assuming she receives $55,000 cash. 2. Joumalize the withdrawal of Sandy assuming she receives $20,000 cash. Requirement 1. Journalize the withdrawal of Sandy assuming she receives $55,000 cash. (Record debits first, then credits. Date Accounts and Explanation Debit Credit Aug 31 balances are Sandy, 546,000; Blake 546,000; and Theo, S16,000. The profit-and-loss-sharing ratio has been 5:3-2 for Sandy, Blake, and Theo, respectively. d debits first, then credits. Select the explanation on the last line of the journal entry table)