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-/1 E! Question 12 of 13 View Policies < Current Attempt in Progress TO B. Higgins, J. Mayo, and N. Rice have capital balances
-/1 E! Question 12 of 13 View Policies < Current Attempt in Progress TO B. Higgins, J. Mayo, and N. Rice have capital balances of $85,000, $74,000, and $68,000, respectively. They share income or loss on a 5:3:2 basis. Rice withdraws from the partnership under each of the following conditions. 1.- Rice is paid $72,080 in cash from partnership assets, and a bonus is granted to the retiring partner. 2. Rice is paid $64,000 in cash from partnership assets, and bonuses are granted to the remaining partners. Journalize the withdrawal of Rice under each of the assumptions above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Debit MacBook Credit
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