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0 Required information /The following information applies to the questions displayed below] Meir, Benson, and Lau are partners and share income and loss in a

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0 Required information /The following information applies to the questions displayed below] Meir, Benson, and Lau are partners and share income and loss in a 235 ratio. The partnership's capital balances are as follows: Meir, $68,000: Benson, $104,000 and Lau, $178.000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Prepare the jourmal entry to record Benson's withdrawal from the partnership under each of the following independent assumptions (Do not round intermediate calculations ) Benson (a) sells her interest to North for $160.000 after Meir and Lau approve the entry of North as a partner. (b) gives her interest to a son-in-law, Schmidt, and thereafter Meir and Lau accept Schmidt as a partner (c) is paid $104,000 in partnership cash for her equity (d) is paid $142.000 in partnership cash for her equity, and (e) is paid $12.000 in partnership cash plus equipment recorded on the partnership books at $32 000 less its accumulated depreciation of $11600 (Do not round intermediate colculations.) Benson (a) sells her interest to North for $160,000 after Meir and Lau approve the entry of North as a partner, (b) gives her in son-in-law, Schmidt, and thereafter Meir and Lau accept Schmidt as a partner; (c) is paid $104,000 in partnership cash for her is paid $142.000 in partnership cash for her equity, and (e) is paid $12.000 in partnership cash plus equipment recorded on t partnership books at $32,000 less its accumulated depreciation of $11,600. 3 Answer is not complete. No Transaction General Journal Debit Credit 104,000 Benson, Capital North, Capital 104,000 Benson, Capital 104,000 Schmidt, Capital 104,000 Benson, Capital 104,000 Cash 04,000 Benson, Capital 104,000 Meir, Capital Lau, Capital Cash 3,500 23,750 142,000 Benson, Capital Accumulated depreciation-Equipment 104,000 11,600 Cash 2,000 32,000 Equipment Meir, Capital Lau, Capital

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