Question: After the partnership had been operating for a year, the Capital accounts of Bob and Kim are $15,000 and $10,000, respectively. Kim withdraws from the

After the partnership had been operating for a year, the Capital accounts of Bob and Kim are $15,000 and $10,000, respectively. Kim withdraws from the partnership by selling her interest in the business to Sonia for $8,000. What will be the Capital account balances of the partners in the new Bob and Sonia partnership? Prepare the entry in Journal form to record the transfer of ownership on the partnership books.

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