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Capital balances in Crane Co . are Lang 4 8 , 8 0 0 , Oslo 3 6 , 6 0 0 , and Fernetti
Capital balances in Crane Co are Lang Oslo and Fernetti Fernetti receives from partnership
assets in withdrawing from the firm. Lang and Oslo each receive of Fernetti's equity. The partners share income equally.
Journalize the withdrawal of Fernetti. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
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