Question: please show all work Homework Chapter 12 Question 4 of 4 -/10 On December 31, the capital balances and profit and loss ratios in Cullumber



please show all work
Homework Chapter 12 Question 4 of 4 -/10 On December 31, the capital balances and profit and loss ratios in Cullumber Company are as follows: Partner Capital Balance Profit and Loss Ratio H. Ferchol $143,000 60% P. Jiang $58.700 30% R. Antoni $51,000 10% Antoni is withdrawing from the partnership. Part 1 Journalize the withdrawal of Antoni if using personal funds, Jiang agrees to purchase Antoni's ownership interest for $60,900 cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record purchase of an interest.) Homework Chapter 12 Question 4 of 4 - / 10 Part 2 Journalize the withdrawal of Antoni if Antoni is paid $60,900 from partnership assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record withdrawal of partner.) eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Using multiple attempts will impact your score. 40% score reduction after attempt 4 Homework Chapter 12 Question 4 of 4
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