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5. Ms. X plans to leave the IT Partnership. At this time her capital account is $48,000. The remaining partners, Ms. Y and Ms. Z,

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5. Ms. X plans to leave the IT Partnership. At this time her capital account is $48,000. The remaining partners, Ms. Y and Ms. Z, agree to pay Ms. X $58,000. Prepare the journal entry to record the withdrawal. Assume the partners have no agreement for sharing profits and losses. 5

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