In the RST Partnership,Ron's Capital Is $80,000,Stella's Is $75,000,and Tiffany's

Multiple Choice

In the RST partnership,Ron's capital is $80,000,Stella's is $75,000,and Tiffany's is $50,000.They share income in a 3:2:1 ratio,respectively.Tiffany is retiring from the partnership.Each of the following questions is independent of the others.
-Refer to the above information.Tiffany is paid $60,000,and no goodwill is recorded.In the journal entry to record Tiffany's withdrawal:

A) Tiffany,Capital will be credited for $60,000.
B) Ron,Capital will be debited for $5,000.
C) Stella,Capital will be debited for $4,000.
D) Cash will be debited for $60,000.