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Alpha, Beta, and Gamma are partners in an accounting firm. The [ partnership's balance sheet, with share of profit and loss in parentheses, as of
Alpha, Beta, and Gamma are partners in an accounting firm. The [ partnership's balance sheet, with share of profit and loss in parentheses, as of December 31 of the current year is as follows: Ases | UabiitesandCapia Gamma has decided to retire and withdraw from the partnership. Gamma received $43,000 in cash for the withdrawal from the partnership. The partnership uses the bonus method to record the withdrawal of partners. Which journal entry would be used to record the withdrawal of Gamma from the partnership
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