When frank withdrew from jones smith thomas and williams

Reference no: EM13584860

When Frank withdrew from Jones, Smith, Thomas, and Williams LLP, he was paid $30,000, although his capital account balance was only $10,000. The four partners shared net income and losses equally. The journal entry of the partnership to record Frank's withdrawal, preferably should include a debit of?

Reference no: EM13584860

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When frank withdrew from jones smith thomas and williams

Reference no: EM13584860

Reference no: EM13584860

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