Exercise 12-13 N. Essex, C. Gilmore, and C. Heganbart have capital balances of $54,000, $42,700, and $32,000, respectively. Their income ratios are 4 : 4 : 2. Heganbart withdraws from the partnership under each of the following independent conditions. 1. Essex and Gilmore agree to purchase Heganbarts equity by paying $17,800 each from their personal assets. Each purchaser receives 50% of Heganbarts equity. 2. Gilmore agrees to purchase all of Heganbarts equity by paying $13,400 cash from her personal assets. 3. Essex agrees to purchase all of Heganbarts equity by paying $23,200 cash from his personal assets. Journalize the withdrawal of Heganbart under each of the assumptions above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No. Account Titles and Explanation Debit Credit 1. 2. 3.