Data pertaining to Midway Co. are presented in BE12-9. Instead of payment from personal assets, assume that

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Data pertaining to Midway Co. are presented in BE12-9. Instead of payment from personal assets, assume that Grillini receives $24,000 from partnership assets in withdrawing from the firm. Journalize the withdrawal of Grillini.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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