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2024 , the frit has the folowing balarset thoet FP On Docembor 31. Hua withdraws trom the parthership. Data table Requirements Feoond rlank prank: 1.
2024 , the frit has the folowing balarset thoet FP On Docembor 31. Hua withdraws trom the parthership. Data table Requirements Feoond rlank prank: 1. In a perenaly transaction, Hya selis har equity 60 Wo. who poya Hua 2. The partnenhip poys Hua cash of $35,000 and gves ter a nole psyatio for the remarder of ber book equity in settemest of her partinessip interest. 3. The partnerskip pays Hua 300,000 tor her bock equity. 4. The partnerstip poys tha $2,000 for har bock equity. Requirement 1. In a personal transaction, Hua sells hor equity to Wo, who pays Hua $100,000 for her interest. Kuen and Llang agree to accept Wo as a partrer (Reoted debis first, then cestera. Select the explanation on the last fine of the joumal entry table.) Requirement 2. The partnership pays thua cash of 535,000 and gives her a note payable for the remainder of her book equity in settlement of her partinership interest. (Record debtes frat, then credits. Select the explanation on the last line of the journal enty twble.) calausations. Only round the amount you input in the cet to the nearest dollar.)
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