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Brief Exercise 12-13 On December 31, 2021, capital balances of the partners in Manitoba Maple are R. Neepawa $43,810; S. Altona $34,240; and T. Morden

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Brief Exercise 12-13 On December 31, 2021, capital balances of the partners in Manitoba Maple are R. Neepawa $43,810; S. Altona $34,240; and T. Morden $25,440. The partners share profit in a 5:3:2 ratio, respectively. Morden decides that she is going to leave the partnership. Journalize the withdrawal of Morden assuming: Neepawa and Altona both pay Morden $17,360 from their personal assets to each receive 50% of Morden's equity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record withdrawal of partner.) Neepawa and Altona both pay Morden $12,360 from their personal assets to each receive 50% of Morden's equity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 114 URCES Dec. 31 1 2 (Part + (To record withdrawal of partner.) 5 (Part m 12 Neepawa and Altona both pay Morden $12,360 from their personal assets to each receive 50% of Morden's equity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor

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