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Dale Jackson, Keith Harrin, and Issa Robinson have capital balances of $89.070, $71,820, and $5.810, respectively. They share profit or loss on a 5:3:2
Dale Jackson, Keith Harrin, and Issa Robinson have capital balances of $89.070, $71,820, and $5.810, respectively. They share profit or loss on a 5:3:2 basis. Harrin withdraws from the partnership on September 30 of the current year. (a) Your Answer Correct Answer (Used) Journalize the withdrawal of Harrin under each of the following assumptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. Harrin is paid $79.800 cash from partnership assets Harrin is paid $57.120 cash from partnership assets. (b) Determine the balances in the partners' capital accounts and in total partners' equity after Harrin has withdrawn from the partnership for condition 2 above. (Do not leave any answer field blank. Enter O for amounts.) D. Jackson Condition 2 Capital Beginning $ $ balance Ending balance eTextbook and Media Sain for Later K. Harrin Capital $ I. Robinson Capital $ Attempts: 0 of 3 used Submit Answer
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