4. On December 31, a partnership has total partnership capital as follows: The partners allocate income and losses 30% to partner #1,50% to partner #2 and 20% to partner \#3. On December 31, Partner \#3 retires from the partnership and is paid $200,000 in PARTNERSHIP cash to settle his interest in the partnership. Prepare any necessary journal entries on the books of the partnership on December 31 . 5. On September 30, a corporation issues 10,000 shares of $5 par value common stock for $30 per share. Prepare any necessary journal entries on September 30. 6. On September 15, a corporation declares a $100,000 common stock cash dividend. The dividend is paid on October 15. A. Prepare any necessary journal entries on September 15. B. Prepare any necessary journal entries on October 15. 7. On August 31 , a corporation has the following financial data: On August 31, the corporation declares 10% stock dividend on common stock. The stock dividends are distributed on September 30. A. Prepare any necessary journal entries on August 31 . B. Prepare any necessary journal entries on September 30 . 8. Prepare any necessary journal entries for the following transactions: A. On March 15, the corporation purchases 5,000 shares of its own common stock for $20 per share. The stock has a par value of $1 per share. B. On November 15 , the company sells 2500 shares of the treasury stock for $22 per share