When Danny Withdrew from John, Daniel, Harry, and Danny, LLP $\div$

When Danny withdrew from John, Daniel, Harry, and Danny, LLP, he was paid $80,000, although his capital account balance was only $60,000. The four partners shared net income and losses equally. The journal entry to record the effect on John's capital due to Danny's withdrawal would include :

A) $6,667 debit to John, Capital.
B) $6,667 credit to John, Capital.
C) $20,000 debit to John, Capital.
D) $5,000 debit to John, Capital.
E) $5,000 credit to John, Capital. ($80,000 - $60,000) $\div$ 3 = $6,667