(Solution) - After the partnership has been operating for several years the -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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After the partnership has been operating for several years, the Capital accounts of Bob, Kim and Sonia are $25,000, $16,000, and $9,000, respectively. Sonia decides to leave the partnership and is allowed to withdraw $9,000 in cash. Prepare the entry in journal form to record the withdrawal on the partnership books.