| Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) | Each of the continuing partners agrees to pay $18,732 in cash from personal funds to purchase Posadas ownership equity. Each receives 50% of Posadas equity. | (2) | Emig agrees to purchase Posadas ownership interest for $23,498 cash. | (3) | Posada is paid $38,212 from partnership assets, which includes a bonus to the retiring partner. | (4) | Posada is paid $25,284 from partnership assets, and bonuses to the remaining partners are recognized. | No. | Account Titles and Explanation | Debit | Credit | 1. | Trayer, Capital Posada, Capital Emig, Capital Cash Distributions Accounts Receivable Accounts Payable | | | Distributions Accounts Receivable Accounts Payable Posada, Capital Trayer, Capital Emig, Capital Cash | | | Accounts Receivable Cash Distributions Emig, Capital Posada, Capital Trayer, Capital Accounts Payable | | | 2. | Distributions Cash Posada, Capital Accounts Payable Accounts Receivable Emig, Capital Trayer, Capital | | | Trayer, Capital Accounts Receivable Emig, Capital Cash Distributions Accounts Payable Posada, Capital | | | 3. | Accounts Payable Trayer, Capital Posada, Capital Accounts Receivable Distributions Emig, Capital Cash | | | Cash Distributions Accounts Receivable Trayer, Capital Emig, Capital Accounts Payable Posada, Capital | | | Emig, Capital Posada, Capital Cash Trayer, Capital Distributions Accounts Receivable Accounts Payable | | | Accounts Receivable Emig, Capital Trayer, Capital Cash Accounts Payable Distributions Posada, Capital | | | 4. | Cash Distributions Accounts Receivable Posada, Capital Accounts Payable Trayer, Capital Emig, Capital | | | Cash Trayer, Capital Emig, Capital Distributions Accounts Receivable Accounts Payable Posada, Capital | | | Cash Trayer, Capital Emig, Capital Posada, Capital Distributions Accounts Payable Accounts Receivable | | | Accounts Payable Posada, Capital Trayer, Capital Distributions Emig, Capital Accounts Receivable Cash | | | | | | |