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answer urgently Julie Ellis, Sara Lake, and Dan Madden have capital balances of $ 54,000, S 82,000, and $ 36,000, respectively, and their profit ratios
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Julie Ellis, Sara Lake, and Dan Madden have capital balances of $ 54,000, S 82,000, and $ 36,000, respectively, and their profit ratios are 4:2:4. Required: Do not use commas when entering answers. Record the withdrawal of Madden from the partnership under each of the following independent assumptions: a) Madden is paid $ 36,000 from partnership assets. b) Madden is paid $ 48,000 from partnership assels . c) Madden is paid $ 27,000 from partnership asselsStep by Step Solution
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