b Karl is paid $43,400, and only his share of the goodwill is recorded (If no entry is required for a transaction event, select No Journal entry required in the first account fleld ) c Karl is paid $34,700, and all implied goodwill is recorded (If no entry is required for a transaction event, select No journal entry required in the first account fleld Do not round intermediate calculations ) In the LMK partnership Luis's capital is $41,000, Marty's is $51,100, and Karl's is $31,200 They share income in a 4 11 ratio Fespectively Karl is retiring from the partnership Required Prepare journal entries to record Karl's withdrawal according to each of the following independent assumptions a Karl is paid $38 400, and no goodwill is recorded (If no entry is required for a transaction event, select No journal entry required in the first account field )

Question

b  Karl is paid $43,400, and only his share of the goodwill is recorded  (If no entry is required for a transaction event, select  No Journal entry required  in the first account fleld ) c  Karl is paid $34,700, and all implied goodwill is recorded  (If no entry is required for a transaction event, select  No journal entry required  in the first account fleld  Do not round intermediate calculations ) In the LMK partnership  Luis's capital is $41,000, Marty's is $51,100, and Karl's is $31,200  They share income in a 4 11 ratio  Fespectively  Karl is retiring from the partnership  Required  Prepare journal entries to record Karl's withdrawal according to each of the following independent assumptions  a  Karl is paid $38 400, and no goodwill is recorded  (If no entry is required for a transaction event, select  No journal entry required  in the first account field )

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Question

b. Karl is paid $43,400, and only his share of the goodwill is recorded. (If no entry is required for a transaction/event, select No Journal

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