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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

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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 $16,000 in partnership cash plus equipment recorded on the partnership books at $36,000 less its accumulated depreciation of $11,600. View transaction list Journal entry worksheet Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general Journal 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 $16,000 in partnership cash plus equipment recorded on the partnership books at $36,000 less its accumulated depreciation of $11,600. View transaction list Journal entry worksheet Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general Journal Journal entry worksheet Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits General Journal Debit Credit Transaction (a) Meir, Benson, and Lau are partners and share income and loss in a 3:2:5 ratio (in percents: Meir, 30% Lau, 50%). The partnership's capital balances are as follows: Meir, $118,000; Benson, $79,000; and La decides to withdraw from the partnership. 1. Prepare the journal entry to record Benson's withdrawal under each independent assumptions. (Do not calculations.) (a) Benson sells her interest to North for $160,000 after North is approved as a partner; (b) Benson gives h Schmidt, and Schmidt is approved as a partner; (c) Benson is paid $79,000 in partnership cash for her equ $117,000 in partnership cash for her equity, and (e) Benson is paid $16,000 in partnership cash plus equipe partnership books at $36,000 less its accumulated depreciation of $11,600. View transaction list Journal entry worksheet Record the withdrawal of Benson on the assumption that she is paid $117,000 in partnership cash for her equity. Note: Enter debits before credits. General Journal Debit Credit Transaction (d) Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general Journal 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 $16,000 in partnership cash plus equipment recorded on the partnership books at $36,000 less its accumulated depreciation of $11,600. View transaction list Journal entry worksheet Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general Journal Journal entry worksheet Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Note: Enter debits before credits General Journal Debit Credit Transaction (a) Meir, Benson, and Lau are partners and share income and loss in a 3:2:5 ratio (in percents: Meir, 30% Lau, 50%). The partnership's capital balances are as follows: Meir, $118,000; Benson, $79,000; and La decides to withdraw from the partnership. 1. Prepare the journal entry to record Benson's withdrawal under each independent assumptions. (Do not calculations.) (a) Benson sells her interest to North for $160,000 after North is approved as a partner; (b) Benson gives h Schmidt, and Schmidt is approved as a partner; (c) Benson is paid $79,000 in partnership cash for her equ $117,000 in partnership cash for her equity, and (e) Benson is paid $16,000 in partnership cash plus equipe partnership books at $36,000 less its accumulated depreciation of $11,600. View transaction list Journal entry worksheet Record the withdrawal of Benson on the assumption that she is paid $117,000 in partnership cash for her equity. Note: Enter debits before credits. General Journal Debit Credit Transaction (d)

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