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Complete table Jared, Stephanie, and Caleb each have a $109,000 capital balance. They share profits and losses as follows: 2:1:1 to Jared, Stephanie, and Caleb,

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Jared, Stephanie, and Caleb each have a $109,000 capital balance. They share profits and losses as follows: 2:1:1 to Jared, Stephanie, and Caleb, respectively. Suppose Caleb is withdrawing from the business. Requirements 1. Journalize the withdrawal of Caleb if the partnership agrees to pay Caleb $109,000 cash. 2. Journalize the withdrawal of Caleb if the partnership agrees to pay Caleb $100,000 cash. Requirement 1. Journalize the withdrawal of Caleb if the partnership agrees to pay Caleb $109,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit

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