Partners S, T, and U share income and losses in a 5:3:2 ratio, respectively. S wishes to leave the partnership, so the assets are revalued and are found to be overvalued by $6,000. If each partner had a capital balance of $20,000 prior to S's notification of withdrawal, the entry to record the withdrawal of S's interest from the partnership is:

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The Answer of Partners S, T, and U share income and losses in a 5:3:2 ratio, respectively. S wishes to leave the partnership, so the assets are revalued and are found to be overvalued by $6,000. If each partner had a capital balance of $20,000 prior to S's notification of withdrawal, the entry to record the withdrawal of S's interest from the partnership is:

Partners S, T, and U Share Income and Losses in a 5:3:2