Ronald,Ross,and Carol opened a partnership firm.Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol has a capital of $91,000.Ronald decided to withdraw from the partnership and received $86,000.Which of the following will be included in the journal entry to record this? (Assume an equal profit-loss sharing between the existing partners.)
A) Cash is credited for $9000.
B) Ross, Capital is credited for $4500.
C) Carol, Capital is debited for $4500.
D) Ross, Capital is debited for $9000.

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The Answer of Ronald,Ross,and Carol opened a partnership firm.Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol has a capital of $91,000.Ronald decided to withdraw from the partnership and received $86,000.Which of the following will be included in the journal entry to record this? (Assume an equal profit-loss sharing between the existing partners.)
A) Cash is credited for $9000.
B) Ross, Capital is credited for $4500.
C) Carol, Capital is debited for $4500.
D) Ross, Capital is debited for $9000.

Ronald,Ross,and Carol Opened a Partnership Firm