Katie Withdrew from the Partnership of Katie,Courtney,and Nathan,and Accepted $10,000

Multiple Choice

Katie withdrew from the partnership of Katie,Courtney,and Nathan,and accepted $10,000 cash.Her capital balance was $16,000 and the difference will be shared in a ratio of 2:1 for Courtney and Nathan,respectively.The entry would be to:

A) debit Cash $10,000;credit Nathan,Capital $10,000.
B) debit Nathan,Capital $16,000;credit Cash $16,000.
C) debit Katie,Capital $16,000;credit Cash $10,000;credit Courtney,Capital $4,000;credit Nathan,Capital $2,000.
D) debit Cash $16,000;debit Nathan,Capital $4,000;debit Courtney,Capital $2,000;credit Katie,Capital $18,000.