a ) as shown in picture :

b ) Total Bonus :

Cash paid to Posada :

On December 31, the capital balances and income ratios in Sheridan Company are as follows. (a) Journalize the withdrawal of Posada under each of the following assumptions. (Credit account tities are automaticolly indented when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay $18,200 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. (2) Emig agrees to purchase Posada's ownership interest for $23,600cash. (3) Posada is paid $33,940 from partnership assets, which includes a bonus to the retiring partner. (4) Posada is paid $21.140 from partnership assets, and bonuses to the remaining partners are recognized. Question 9 of 9 13 No. Account Titles and Explanation 1. 2. 3. 4