1. Prepare the journal entry to record Benson's withdrawal under each independent assumptions. (Do not round Intermediate calculations.) (a) Benson sells her interest to North for $160,000 after North is approved as a partner: (b) Benson gives her interest to a son-in-law, Schmidt, and Schmidt is approved as a partner: (c) Benson is paid $79.000 in partnership cash for her equity: (d) Benson is paid $117,000 in partnership cash for her equity; and (e) Benson is paid $12.500 in partnership cash plus equipment recorded on the partnership books at $32.500 less its accumulated depreciation of $11,600. View transaction list View journal entry worksheet Debit Credit North for $160,000 after North is approved as a partner 79,000 Record the withdrawal of Benson on the assumption that she gives her interest to a son-in-law, Schmidt and Schmidt is approved as a partner. 79,000 79,000 Record the withdrawal of Benson on the assumption that she is paid $79,000 in partnership cash for her equity. 79,000 Record the withdrawal of Benson on the assumption that she is paid $117,000 in partnership cash for her equity. Record the withdrawal of Benson on the assumption that she is paid $12,500 in partnership cash plus equipment recorded on the partnership books at $32,500 less its accumulated depreciation of $11,500 for her equity. 117.000 Note : = journal entry has been entered Meir, Capital Lau. Capital Accumulated depreciation-Equipment Required Information [The following information applies to the questions displayed below.) Meir, Benson, and Lau are partners and share income and loss in a 3.2:5 ratio (in percents: Meir, 30%; Benson, 20%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $118,000: Benson. $79.000; and Lau. $203.000. Benson decides to withdraw from the partnership. 1. Prepare the journal entry to record Benson's withdrawal under each independent assumptions. (Do not round Intermediate calculations.) (a) Benson sells her interest to North for $160,000 after North is approved as a partner: (b) Benson gives her interest to a son-in-law, Schmidt, and Schmidt is approved as a partner. (c) Benson is paid $79.000 in partnership cash for her equity: (d) Benson is paid $117.000 in partnership cash for her equity; and (e) Benson is paid $12.500 in partnership cash plus equipment recorded on the partnership books at $32.500 less its accumulated depreciation of $11,600. View transaction list View journal entry worksheet Debit Credit Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. 79,000 79,000 Record the withdrawal of Benson on the assumption that she gives her interest to a son-in-law, Schmidt and Schmidt is approved as a partner. 79.000 79.000 Record the withdrawal of Benson on the assumption that she is paid $79,000 in partnership cash for her equity. Record the withdrawal of Benson on the assumption that she is paid $117.000 in partnership cash for her eauitv. Required Information [The following information applies to the questions displayed below.] Meir, Benson, and Lau are partners and share income and loss in a 3.2:5 ratio (in percents: Meir, 30%; Benson, 20%, and Lau, 50%). The partnership's capital balances are as follows: Meir, $118.000: Benson, $79.000: and Lau. $203.000. Benson decides to withdraw from the partnership 2. Assume that Benson does not retire from the partnership described in Part 1. Instead, Rhode is admitted to the partnership on February 1 with a 25% equity. Prepare journal entries to record Rhode's entry into the partnership under each separate assumption: Rhode invests (a) $133,333: (b) $97.333; and (c) $174.666. (Do not round your Intermediate calculations.) View transaction list View journal entry worksheet X Debit Credit 133,333 133,333 Record the admission of Rhode with an investment of $133,333 for a 25% interest in the equity. 85,187 Record the admission of Rhode with an investment of $97,333 for a 25% interest in the equity. Record the admission of Rhode with an investment of $174,666 for a 25% interest in the equity