Bookmarks Do All files and folders. C12 Assignment i Saved 4 O Required information Part 1 of 2 [The following information applies to the questions displayed below ] Meir, Benson, and Lau are partners and share income and loss in a 3:2:5 ratio (in percents Meir, 30%, Benson, 20%, and Lau, 50%). The partnership's capital balances are as follows: Meir, $103,000, Benson, $69,000, and Lau, $178,000. Benson 10 points decides to withdraw from the partnership. 1. Prepare the journal entry to record Benson's withdrawal under each independent assumptions. (Do not round intermediate Book calculations.) (a) Benson sells her interest to North for $160,000 after North is approved as a partner, (b) Benson gives her interest to a son-in-law, Schmidt, and Schmidt is approved as a partner, (c) Benson is paid $69,000 in partnership cash for her equity, (d) Benson is paid Print $107,000 in partnership cash for her equity, and (e) Benson is paid $12,500 in partnership cash plus equipment recorded on the partnership books at $32,500 less its accumulated depreciation of $11,600. References View transaction list Journal entry worksheet 2 3 5 Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits. Transaction General Journal Debit Credit (a) MC Hill Type here to search O X W P N CA