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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale $97,000; McLean, $95.000 and Lux, $160,000. The partners

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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale $97,000; McLean, $95.000 and Lux, $160,000. The partners share profit and losses in a 325 ratio. McLean decides to withdraw from the partnership Prepare general Journal entries to record the May 1, 2020, withdrawal of McLean from the partnership under each of the following unrelated assumptions: a. McLean sells his interest to Freedman for S181,000 after Gale and Lux approve the entry of Freedman as a partner where Mclean receives the cash personally from Freedman). View transaction list Journal entry worksheet Record the admission of Park. Note: Enter debits before credits: General Journal Debit Credit Date May 01, 2020 c. McLean is paid $95,000 in partnership cash for his equity. View transaction list Journal entry worksheet 1 > Record withdrawal of Mclean, where he is paid $95,000 in partnership cash for his equity Note: Enter debits before credits Date General Journal Debit Credit May 01, 2020 d. McLean is paid $145,000 in partnership cash for his equity. View transaction list Journal entry worksheet Record the withdrawal of McLean. Note: Enter debits before credits Debit General Journal Date Credit May 01, 2020 e. McLean is paid $40,250 in partnership cash plus machinery that is recorded on the partnership books at $128,000 less accumulated depreciation of $96,000. (Round final answers to 2 decimal places.) View transaction fist Journal entry worksheet Record the withdrawal of Mclean. Note: Enter debits before credits General Journal Debit Credit Date May 01, 2020

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