Partners Anne, Betty, and Charles share profits and losses in a 3:1:2 ratio, respectively. Betty wishes to leave the partnership, so the assets are revalued and are found to be overvalued by $30,000. If each partner had a capital balance of $50,000 prior to Betty's notification of withdrawal, the entry to record the Betty's withdrawal is:

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The Answer of Partners Anne, Betty, and Charles share profits and losses in a 3:1:2 ratio, respectively. Betty wishes to leave the partnership, so the assets are revalued and are found to be overvalued by $30,000. If each partner had a capital balance of $50,000 prior to Betty's notification of withdrawal, the entry to record the Betty's withdrawal is:

Partners Anne, Betty, and Charles Share Profits and Losses in a 3:1:2