Built Problems Svod Help Save C Required information The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 325 ratio. The partnership's capital balances are as follows: Meir, $88,000, Benson $59.000, and Lau, $153,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the journal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calculations.) Benson (a) sells her interest to North for $160,000 after Metr and Lau approve the entry of North as a partner, (b) gives her interest to a son-in-law. Schmidt, and thereafter Meir and Lau accept Schmidt as a partner is paid $59,000 in partnership cash for her equity. (c) is paid $97,000 in partnership cash for her equity, and (e) is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34.000 less its accumulated depreciation of $11,600 View transaction list View journal entry worksheet No Transaction General Journal Debat Credit a search 5 6 00 ( 9 o R Y U . E G H . Den B. N M education.com/ext/map/index.html?_cona con&external browser=0&launchifu https%253A%252F%252Frcbcblackboard.com%252Fwebapps%252Fportals nouncements YouTube Maps News Translate > New Tab Logout Rutgers ... e Built Problems Saved Help Save & E Chec Required information [The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 325 ratio. The partnership's capital balances are as follows: Mer $88,000, Benson, $59,000, and Lau, $153,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the journal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calculations.) Benson (a) sells her interest to North for $150,000 after Mer and Lau approve the entry of North as a partner, (b) gives her interest to a son-in-law, Schmidt, and thereafter Meir and Lau accept Schmidt as a partner is paid $59,000 in partnership cash for her equity: (d) is paid $97.000 in partnership cash for her equity, and (e) is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34.000 less its accumulated depreciation of $11.600 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 10 11 a earch BE * ( 00 9 R T P. K K L B. N M commen porta Youtube wouncements News Maps Translate > New Tab O Logout Rutgers U. re Built Problems Saved Help Save C Required information The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 325 ratio. The partnership's capital balances are as follows: Meir, $88,000: Benson, $59,000; and Lau, $153,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the journal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calcu tions Benson (a) sells her interest to North for $160,000 after Meir and Lau approve the entry of North as a partner, (b) gives her interest to a son-in-law, Schmidt, and thereafter Meir and Lau accept Schmidt as a partner, is paid $59.000 in partnership cash for her equity, (d) is paid $97,000 in partnership cash for her equity, and (e) is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34.000 less its accumulated depreciation of $11,600 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1011 of 11 !!! Next > Search a 3 5 6 00 9 o R U O P. J . M Built Problems Svod Help Save C Required information The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 325 ratio. The partnership's capital balances are as follows: Meir, $88,000, Benson $59.000, and Lau, $153,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the journal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calculations.) Benson (a) sells her interest to North for $160,000 after Metr and Lau approve the entry of North as a partner, (b) gives her interest to a son-in-law. Schmidt, and thereafter Meir and Lau accept Schmidt as a partner is paid $59,000 in partnership cash for her equity. (c) is paid $97,000 in partnership cash for her equity, and (e) is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34.000 less its accumulated depreciation of $11,600 View transaction list View journal entry worksheet No Transaction General Journal Debat Credit a search 5 6 00 ( 9 o R Y U . E G H . Den B. N M education.com/ext/map/index.html?_cona con&external browser=0&launchifu https%253A%252F%252Frcbcblackboard.com%252Fwebapps%252Fportals nouncements YouTube Maps News Translate > New Tab Logout Rutgers ... e Built Problems Saved Help Save & E Chec Required information [The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 325 ratio. The partnership's capital balances are as follows: Mer $88,000, Benson, $59,000, and Lau, $153,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the journal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calculations.) Benson (a) sells her interest to North for $150,000 after Mer and Lau approve the entry of North as a partner, (b) gives her interest to a son-in-law, Schmidt, and thereafter Meir and Lau accept Schmidt as a partner is paid $59,000 in partnership cash for her equity: (d) is paid $97.000 in partnership cash for her equity, and (e) is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34.000 less its accumulated depreciation of $11.600 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 10 11 a earch BE * ( 00 9 R T P. K K L B. N M commen porta Youtube wouncements News Maps Translate > New Tab O Logout Rutgers U. re Built Problems Saved Help Save C Required information The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 325 ratio. The partnership's capital balances are as follows: Meir, $88,000: Benson, $59,000; and Lau, $153,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the journal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calcu tions Benson (a) sells her interest to North for $160,000 after Meir and Lau approve the entry of North as a partner, (b) gives her interest to a son-in-law, Schmidt, and thereafter Meir and Lau accept Schmidt as a partner, is paid $59.000 in partnership cash for her equity, (d) is paid $97,000 in partnership cash for her equity, and (e) is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34.000 less its accumulated depreciation of $11,600 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1011 of 11 !!! Next > Search a 3 5 6 00 9 o R U O P. J . M