4. Part 12 Required information The following information applies to the questions displayed below) Meir Benson, and Lau are partners and share income and loss in a 3.25 ratio in percents. Meir, 30% Benson, 20% and Lau. 509). The partnership's capital balances are as follows: Mer $103.000: Benson $69.000, and Lau, 5178,000. Benson decides to withdraw from the partnership 10 Dont eBook 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 $69,000 in partnership cash for her equity. (c) Benson is paid $107000 in partnership cash for her equity, and (0) 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. Peint References View transaction list Journal entry worksheet 1 2 3 4 5 Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner Notes Enter debits before Transaction General Journal Credit Debit 160.000 View transaction list Journal entry worksheet 2 3 5 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. Note: Enter debits before credits. General Journal Transaction (b) Debit Credit Record entry Clear entry View general journal View transaction list ok Journal entry worksheet ht 1 4 G 3 Record the withdrawal of Benson on the assumption that she is paid $69,000 in partnership cash for her equity. nces Note: Enter debits before credits. Transaction c) General Journal Debit Credit Record entry Clear entry View general journal View transaction list OK Journal entry worksheet nt 2 3 5 > ences Record the withdrawal of Benson on the assumption that she is paid $107,000 in partnership cash for her equity. We Note: Enter debits before credits. General Journal Debit Credit Transaction (d) Record entry Clear entry View general journal View transaction list Journal entry worksheet aces 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 $11,600 for her equity. Note: Enter debits before credits. General Journal Debit Credit Transaction (e) Record entry Clear entry View general journal