Sandhill Accountants is a partnership with three partners. On February the three partners, M Anderson, H White, and A Martin, have capital balances of $ $ and $ respectively. The profit and loss ratio is :: On March White withdraws from the partnership and the remaining partners agree to pay him $ cash from the partnership assets.
After White leaves, Anderson and Martin agree to a : profit ratio. During the year ended February the partnership earns a profit of $ Neither Anderson nor Martin makes any withdrawals because the partnership is short of cash after paying White. On March Anderson and Martin agree to admit C Clark to the partnership with a interest for $ cash. After Clark is admitted, the new profit and loss ratio will be :: for Anderson, Martin, and Clark, respectively. Journalize the withdrawal of White from the partnership
