Exercise 15-9 (Algo) Withdrawal of a Partner LO 156 In the LMK partnership, Luls's capital is $40,700, Marty's is $51,800, and Karl's is $31,700. They share income in a 4:1:1 ratio, respectivety. Karl is retiring from the partnership. Required: Prepare journal entries to record Karrs withdrawal according to each of the following independent assumptions: a. Kart is paid $39.600, and no goodwit is recorded. b. Kart is paid $42,400, and only his shate of the goodwai is recorded. c. Kart is paid $34,600, and all implied goodwill is recorded. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Karr's withdrawal accordiog to each of the following indepensent assumptions: Karl is paid $39,600, and no goodwill is recorded. Kart is paid $39,600, and no 900d will is recorded. Note: if no entry ia required for a tranaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the poyment of $39,600 to Karl and no gosdwill is recorded. Note: Inter deblea before oredits: Exercise 15.9 (Algo) Withdrawal of a Partner LO 15-6 In the LMX partnership, Luls's capital is $40,700, Marty's is $51,800, and Karl's is $31,700. They share income in a 4:1:1 ratio, respectively. Karl is retiring from the parthership. Required: Prepare joumal entries to record Kart's withdrawal according to each of the following independent assumptions: a. Kari is paid $39,600, and no goodwill is recorded. b. Karl is paid $42,400, and only his share of the goodwill is recorded: c. Karl is paid $34,600, and all implied goodwill is recorded. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Karl's withdrawal according to each of the following independent astumptions: Kart is paid $42,400, and only his share of the goodwill is recorded. Note: If no entry is fequired for a transactornevent, select "No journal entry cequired" in the first account field. Journal entry worksheet Record the payment of $42,400 to Karl and only his share of goodwill is recorded. Wote freer debits betire ordis Exercise 15-9 (Algo) Withdrawal of a Partner LO 15-6 In the LMK partnership, Luls's capital is $40,700, Marty's is $51,800, and Karl's is $31,700. They share income in a 4,1:1 ratio. respectively. Karl is retiring from the partnership. Required: Prepare joumal entries to record Karl's withdrawal according to each of the following independent assumptions: a. Kart is paid $39,600, and no goodwill is recorded. b. Kart is paid $42,400, and only his share of the goodwill is recorded. c. Karl is paid $34,600, and all implied goodwill is recorded. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record Karis withdrawal according to each of the following independent assumptions: Karl is paid $34,600, and all implied goodwill is recorded. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Journal entry worksheet Record the entry to recognize all implied goodwill upon payment to Kart. Note: Enter debits bofore oredits