Question: Please help me solve for a and b exactly as shown in the pictures. Thank you for your help! On December 31, the capital balances




Please help me solve for a and b exactly as shown in the pictures. Thank you for your help!
On December 31, the capital balances and income ratios in Sheridan Company are as follows. No. Account Titles and Explanation 1. 2. 3. 4. Debit Credit Credit 1. 2. 3. 4. . If Emig's capital balance after Posada's withdrawal is \\( \\$ 38,890 \\), what were (1) the total bonus to the remaining partners and (2) the cash paid by the partnership to Posada? (1) Total bonus \\( \\$ \\) (2) Cash paid to Posada \\( \\$ \\) Joumalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay \\( \\$ 18,600 \\) 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 \\( \\$ 23,000 \\) cash. (3) Posada is paid \\( \\$ 34,100 \\) from partnership assets, which includes a bonus to the retiring partner. (4) Posada is paid \\( \\$ 20,980 \\) from partnership assets, and bonuses to the remaining partners are recognized
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