At the end of December 2013, Rod Clarke, a partner in Boyde-Clarke Company, had a balance in his drawings account of $18,000. Rod's capital account at the beginning of 2013 was $80,000. $5,000 of partnership profit was allocated to Rod in 2013. The entry to close Rod's drawings account at the end of 2013 would include a

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To close Rod's drawings account, the entry would involve debiting his capital account for the amount drawn ($18,000) to offset the drawings. This reduces his capital account by the amount he has withdrawn during the year.

At the End of December 2013, Rod Clarke, a Partner