$($a$)$

Journalize the withdrawal of Posada under each of the following assumptions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

$(1)$ Each of the continuing partners agrees to pay $$18,600$ in cash from personal funds to purchase Posada's ownership equity. Each receives $50\%$ of Posada's equity.

$(2)$ Emig agrees to purchase Posada's ownership interest for $$23,000$ cash.

$(3)$ Posada is paid $$34,100$ from partnership assets, which includes a bonus to the retiring partner.

$(4)$ Posada is paid $$20,980$ from partnership assets, and bonuses to the remaining partners are recognized.

No$.$ Account Titles and Explanation

Debit

Credit

$($b$)$

If Emig's capital balance after Posada's withdrawal is $$38,890,$ what were $(1)$ the total bonus to the remaining partners and $(2)$ the cash paid by the partnership to Posada?

$(1)$ Total bonus $

$(2)$ Cash paid to Posada $