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Withdrawl of a Partner (10 Points) The HKL Partnership had the following Capital account balance at 12/31/21 -H. Cap 535,000 - K, Cap 47,000 -I.

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Withdrawl of a Partner (10 Points) The HKL Partnership had the following Capital account balance at 12/31/21 -H. Cap 535,000 - K, Cap 47,000 -I. Cap 42.000 HK & L share Profits and Losses in the ratio - 30%, 40%, & 30% respectfully. Partner H withdraws from the firm and the Partnership pays him $65,000 REQUIRED: Record the journal entry for the Withdrawl of Partner H. Withdrawl of a Partner (10 Points) The HKL Partnership had the following Capital account balance at 12/31/21 -H. Cap 535,000 - K, Cap 47,000 -I. Cap 42.000 HK & L share Profits and Losses in the ratio - 30%, 40%, & 30% respectfully. Partner H withdraws from the firm and the Partnership pays him $65,000 REQUIRED: Record the journal entry for the Withdrawl of Partner H

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