Question: Required information Problem 1 2 - 5 A ( Algo ) Partner withdrawal and admission LO P 3 , P 4 Skip to question [
Required information
Problem A Algo Partner withdrawal and admission LO P P
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Meir, Benson, and Lau are partners and share income and loss in a :: ratio in percents: Meir, ; Benson, ; and Lau, The partnership's capital balances are as follows: Meir, $; Benson, $; and Lau, $ Benson decides to withdraw from the partnership.
please do these two journal entries
Record the withdrawal if Benson sells her interest to North for $ after North is approved as a partner.
Record the withdrawal of Benson on the assumption that she gives her interest to a soninlaw, Schmid, and Schmidit is approved as a provider.
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