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Carta Vista Accountants is a partnership with three partners On February 21, 2021, the three porn, M. Kumar, H. Del und A Kassam. have capital

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Carta Vista Accountants is a partnership with three partners On February 21, 2021, the three porn, M. Kumar, H. Del und A Kassam. have capital balances of 587.700,574.800 and $39.500, respectively. The pront and loss ratio 4 31. On March 1.2021 Deol withdraws from the partnership and the remaining wines agree to pay him $94.400 cach from the presets After Deol leaves, Kumar and Kamagreto 42 proftratie. During the year ended February 28, 2022. the partnership profit of $24.000. Neither Kumar nor Kassammas any withdrawals because the partnership is short of cash after paying Deol on March 1, 2022. Kumar and Kassamagree to admit C. Mawar to the partnership with a 45 interest for 575.120 cash. After Mowanie admitted the rew profit ratio will be 42.5 for Kumar. Kassam, and Mawani, respectively Journalize the withdrawal of Deol from the partnership. Credit account there are otomatically inderted when the amount entered. Do not indent manually Date Account Titles and Explanation Debit Credit Mar 1 To record withdrawal of partner) What are the balancerin Kumar's and man's capital accounts after Deol leaves the partnership M Kumar, Capital $ A Kassam. Capital 5 Question Part Score -- Prepare the journal entry to close the income summary account on February za 2002. Credit account titles are automaticon Indented when the amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit Feb 28 [To close income Summary) What is the total partnership capital on March 1, 2022. prior to admitting war Total partnership capital 5 Question Part Score Prepare the journal entry to record the son of Mawan into the partnership Credit countertomatically indented when the amount is entered Do not indent mort Debit Credit Date Account Titles and Explanation Mar 1 To record admission of partner) What is the balance in each of the partners' capital accounts after Mawani is admitted to the partnership? Balance M. Kumar, Capital $ A Kassam, Capital C. Mawani, Capital Total partnership capital $

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