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Barth, Holt, and Tran have been partners of a skl. snowboard, and mountain bike shop In Whistler, BC, called Storm. Based on the partnership agreement,
Barth, Holt, and Tran have been partners of a skl. snowboard, and mountain bike shop In Whistler, BC, called Storm. Based on the partnership agreement, they share profit and losses In a 6:2:2 ratio. On November 30, the date Tran retires from the partnership, the equities of the partners are Barth, $308.000; Holt, $203.000, and Tran, $83.000. Present general Journal entries to record Tran's retirement under each of the following unrelated assumptions: a. Tran is paid $83.000 In partnership cash for his equity. View transaction lat Journal entry worksheet Record the retirement of Tran. Note: Enter debits before credits General Journal Debit Credit Date November 30 Record entry Clear entry View general Journal b. Tran is paid $106.000 in partnership cash for his equity. View transaction ist Journal entry worksheet Record the retirement of Tran. Note: Enter debits before credits Date General Journal Debit Credit November 30 Record entry Clear entry View general Journal c. Tran is paid $71,500 in partnership cash for his equity. View transaction list Journal entry worksheet Record the retirement of Tran. Note: Enter debits before credits Date General Journal Debit Credit November 30 Record entry Clear entry View general Journal
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