Question: On December 3 1 , 2 0 2 4 , capital balances of the partners in Betty Charters are C . Mark (

On December 31,2024, capital balances of the partners in Betty Charters are C. Mark \(\$ 52,200\); M. George \(\$ 40,600\); and T. Betty \(\$ 29,000\). The partners share profit in a 5:3:2 ratio, respectively. Betty decides that she is going to leave the partnership. Assume that Betty receives cash from the partnership when she withdraws.
(a)
Journalize the withdrawal of Betty if she receives \(\$ 40,600\) cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date Account Titles
Debit
Credit
Dec. 31[]
On December 3 1 , 2 0 2 4 , capital balances of

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