Question: Current Attempt in Progress On December 31 , the capital balances and income ratios in Carla Vista Company are as follows. (a) Journalize the withdrawal



Current Attempt in Progress On December 31 , the capital balances and income ratios in Carla Vista Company are as follows. (a) Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are cutonatioulfy indented when amount is entered. Do not indent manuollyj (1) Each of the continuing partners agrees to pay $16,400 in cash from personal funds to purchase Posadas ownership equity, Each receives 50% of Posada's equity. Journalize the withdrawal of Posada under each of the following assumptions. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay $16,400 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 $23,600 cash. (3) Posada is paid $33,660 from partnership assets, which includes a bonus to the retiring partner. (4) Posada is paid $20,140 from partnership assets, and bonuses to the remaining partners are recognized. 2. 3. 4. If Emig's capital balance after Posada's withdrawal is $48,250, what were (1) the total bonus to the remaining partners and (2) the cash paid by the partnership to Posada? (1) Totalbonus (2) Cash paid to Posada
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