Partner withdrawal Ned is anxious to leave the E-Z Partnership. At this time his capital account is $48,000. The remaining partners, Ed and Zee, agree that the partnership will pay Ned $40,000 in cash. Prepare the journal entry to record the withdrawal of partner, Ned) on September 1. Assume the partners have no agreement for sharing profits and losses. NOTE- The account names have not been indented on purpose. Select the account name to be included in the journal entry, choose whether that account is debited or credited, and finish by entering the amount. Debits still need to come before credits Date Account Titles and Explanation Debitor Credit Amount . Next page