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Anas, Jamal, and Ahmad have capital balances of $95,000, $75,000, $ 60,000 respectively. They share income and loss on a 5:3:2 respectively. Ahmad Retire from
Anas, Jamal, and Ahmad have capital balances of $95,000, $75,000, $ 60,000 respectively. They share income and loss on a 5:3:2 respectively. Ahmad Retire from the partnership under each of the following conditions using bonus approach 1. Ahmad is paid $64,000 in cash from partnership 2. Ahmad is paid $52,000 in cash from partnership Instructions Journalize the withdrawal of Ahmad under each of the assumptions above
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