Carrie Withdrew from the Partnership of Carrie, Carl, and Van

Multiple Choice

Carrie withdrew from the partnership of Carrie, Carl, and Van, and accepted $18,000 cash. Her capital balance was $23,400 and the difference will be shared in a ratio of 2:1 for Carl and Van, respectively. The entry would be to:

A) debit Cash $18,000; credit Van, Capital $18,000.
B) debit Van, Capital $23,400; credit Cash $23,400.
C) debit Carrie, Capital $23,400; credit Cash $18,000; credit Carl, Capital $3,600; credit Van, Capital $1,800.
D) debit Cash $23,400; debit Van, Capital $3,600; debit Carl, Capital $1,800; credit Carrie, Capital $28,800.