Question: When Daisy withdrew from Mike, Pete, Will, and Daisy, LLP, she was paid $80,000, although her capital account balance was only $60,000. The four partners

When Daisy withdrew from Mike, Pete, Will, and Daisy, LLP, she was paid $80,000, although her capital account balance was only $60,000. The four partners shared net income and losses equally, and no revaluation will take place. The journal entry to record the effect on Mike's capital due to Daisy's withdrawal would include

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