Wright, Bell, and Edison Are Partners and Share Income in a 2:5:3

Multiple Choice

Wright, Bell, and Edison are partners and share income in a 2:5:3 ratio. The partnership's capital balances are as follows: Wright, $33,000, Bell $27,000 and Edison $40,000. Edison decides to withdraw from the partnership, and the partners agree not to revalue the assets upon Edison's retirement.
-The journal entry to record Edison's June 1 withdrawal from the partnership if Edison is paid $40,000 for his equity is:

A) Debit Wright, Capital $20,000; Debit Bell, Capital $20,000; credit Cash $40,000.
B) Debit Edison, Capital $40,000; credit Wright, Capital $20,000; credit Bell, Capital $20,000.
C) Debit Edison, Capital $40,000; credit Cash $40,000.
D) Debit Wright, Capital $20,000; Debit Bell, Capital $20,000; credit Edison, Capital $40,000.
E) Debit Cash $40,000; credit Edison, Capital $40,000.