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Dale Smith, Keith William, and Issa Brown have capital balances of $101,290,$80,640, and $6,610, respectively. They share profit or loss on a 5:3:2 basis. William
Dale Smith, Keith William, and Issa Brown have capital balances of $101,290,$80,640, and $6,610, respectively. They share profit or loss on a 5:3:2 basis. William withdraws from the partnership on September 30 of the current year. (a) Journalize the withdrawal of William 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 0 for the amounts.) 1. William is paid $89,600 cash from partnership assets. 2. William is paid $64,960 cash from partnership assets
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