In the LMN Partnership,Lynn's Capital Is $60,000,Marty's Is $80,000,and Nancy's

Multiple Choice

In the LMN partnership,Lynn's capital is $60,000,Marty's is $80,000,and Nancy's is $70,000.They share income in a 4:3:3 ratio,respectively.Nancy is retiring from the partnership.Each of the following questions is independent of the others.
-Refer to the information above.Nancy is paid $84,000,and no goodwill is recorded.In the journal entry to record Nancy's withdrawal:

A) Lynn,Capital will be debited for $7,000
B) Marty,Capital will be debited for $6,000
C) Nancy,Capital will be credited for $70,000
D) Cash will be debited for $84,000