Question: Required information Problem 1 2 - 5 A ( Algo ) Partner withdrawal and admission LO P 3 , P 4 Skip to question [

Required information
Problem 12-5A (Algo) Partner withdrawal and admission LO P3, P4
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[The following information applies to the questions displayed below.]
Meir, Benson, and Lau are partners and share income and loss in a 1:4:5 ratio (in percents: Meir, 10%; Benson, 40%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $33,000; Benson, $139,000; and Lau, $178,000. Benson decides to withdraw from the partnership.
please do these two journal entries
1- Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner.
2- Record the withdrawal of Benson on the assumption that she gives her interest to a son-in-law, Schmid, and Schmidit is approved as a provider.

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