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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale. $92,000; McLean, $85.000; and Lux, $155,000. The partners

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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale. $92,000; McLean, $85.000; and Lux, $155,000. The partners share profit and losses in a 3:2:5 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 $176,000 after Gale and Lux approve the entry of Freedman as a partner (where McLean receives the cash personally from Freedman), View transaction ist Journal entry worksheet Record the admission of Freedman. Not Tracebits ont credits General Journal Date May 01, 2020 Debit Credit b. McLean gives his interest to a son-in-law, Park. Gale and Lux accept Park as a partner. View transaction list Journal entry worksheet

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