Question: Need done ASAP will tip Hai - Ke - Li Oriental Design is a partnership owned by three individuals. The partners share profits and losses

Need done ASAP will tip

Need done ASAP will tip Hai - Ke - Li OrientalNeed done ASAP will tip Hai - Ke - Li Oriental
Hai - Ke - Li Oriental Design is a partnership owned by three individuals. The partners share profits and losses in the ratio of 30% to Hai, 40% to Ke, and 30% to Li. At December 31, 2024, the firm has the following balance sheet. (Click on the icon to view the balance sheet.) On December 31, Hai withdraws from the partnership. Read the requirements. - X - X Data table Requirements purnal entry table.) Hai-Ke-Li Oriental Design Record Hai's withdrawal from the partnership under the following independent plans: Balance Sheet 1. In a personal transaction, Hai sells her equity to Wan, who pays Hai December 31, 2024 $115,000 for her interest. Ke and Li agree to accept Wan as a partner. Assets Liabilities 2. The partnership pays Hai cash of $20,000 and gives her a note payable for the remainder of her book equity in settlement of her partnership interest. Cash $ 11,000 Accounts Payable $ 80,000 . The partnership pays Hai $60,000 for her book equity. Accounts Receivable, Net 13,000 4. The partnership pays Hai $11,000 for her book equity. Merchandise Inventory 92,000 Partners' Equity he of the journal entry table.) Equipment, Net 85,000 Hai, Capital 31,000 Ke, Capital 50,000 Print Done Li, Capital 40,000 Total Partners' Equity 121,000 $ 201,000 201,000 Total Assets Total Liabilities and Partners' Equity the last line of the journal entry table. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Print DoneHai - Ke - Li Oriental Design is a partnership owned by three individuals. The partners share profits and losses in the ratio of 30% to Hai, 40% to Ke, and 30% to Li. At December 31, 2024, the firm has the following balance sheet. (Click on the icon to view the balance sheet.) On December 31, Hai withdraws from the partnership. Read the requirements. Requirement 1. In a personal transaction, Hai sells her equity to Wan, who pays Hai $115,000 for her interest. Ke and Li agree to accept Wan as a partner. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. The partnership pays Hai cash of $20,000 and gives her a note payable for the remainder of her book equity in settlement of her partnership interest. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 3. The partnership pays Hai $60,000 for her book equity. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 4. The partnership pays Hai $11,000 for her book equity. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Date Accounts and Explanation Debit Credit Dec. 31

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