Question 1 In ABC partnership, the partners share income and loss equally, the capital balances of the partners are A: $42.000 B: $19,000 C:$19.000 C decided to withdraw from the partnership Required: prepare the journal entries, under the following assumptions: C withdraws and gets cash equal to his capital balance C withdraws and gets $17.000 cash in settioment of his capital balance C withdraws and gets $20,000 cash in settlement of his capital balance