Question: 19. 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

19. 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. If the partnership uses the bonus method, what is the journal entry to record the effect on John's capital due to Danny's withdrawal?

A. $6,666.7 debit to John, Capital.

B. $6,666.7 credit to John, Capital.

C. $20,000 debit to John, Capital.

D. $5,000 debit to John, Capital.

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