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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gelo, $110,000 McLean, $109,000, and Lux, $167.000. The partners
Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gelo, $110,000 McLean, $109,000, and Lux, $167.000. The partners share profit and losses in a 32.5 ratio. McLean decides to withdraw from the partnership Preparo General Joumal entries to record the May 1, 2020, withdrawal of McLoan from the partnership under each of the following unrelated assumptions a. McLean sells his interest to Freedman for $188,000 after Gale and Lux approve the entry of Freedman as a partner where McLean receives the cash personally from Freedmanj. View transaction at Journal entry worksheet Record the withdrawal of Mclean. Notes Enter dehits before credits General Journal Debit Credit Date May 01, 2020 Record entry Clear entry Vw gener journal
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