Dale Nagel, Keith White, and Issa Mbango have capital balances of $92,000, $74,000, and $6,000, respectively. They share profit or loss on a 5:3:2 basis. White withdraws from the partnership on September 30 of the current year. 

Instructions 

a. Journalize the withdrawal of White under each of the following assumptions. 

1. White is paid $83,000 cash from partnership assets. 

2. White is paid $59,000 cash from partnership assets. 

b. Determine the balances in the partners’ capital accounts and in total partners’ equity after White has withdrawn from the partnership for condition 2 above.