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What is the effect on the capital accounts of richards and

King retires from the partnership of Richards , Wright , and King . The partners share profits and losses in the ratio of 4 :2:4, respectively. King 's capital balance is $ 28,000 , and he receives $ 34,000 in final settlement. What is the effect on the capital accounts of Richards and Wright?

A.Richards' capital decreases by $ 6,000.B.Richards' capital decreases by $ 4,000.C.Richards' capital increases by $ 4,000.D.Wright's capital decreases by $ 6,000.

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Accounting Basics: What is the effect on the capital accounts of richards and

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