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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale, $96.000 : McLean, $93.000 : and Lux, $159.000.

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Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale, $96.000 : McLean, $93.000 : and Lux, $159.000. 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, 2024, withdrawal of McLean from the partnership under each of the following unrelated assumptions: 0. McLean sells his interest to Freedman for $180,000 after Gale and Lux approve the entry of Freedman as a partner (where McLean recelves the cash personally from Freedman) b. McLean gives his interest to a son-in-law, Park. Gale and Lux accept Park as a partner. Journal entry worksheet Note: Enter debits before credits. c. McLean is paid $93,000 in partnership cash for his equity. Journal entry worksheet Record withdrawal of McLean, where he is paid $93,000 in partnership castufor his equity. Note: Enter debits before credits. d. McLean is paid $144,000 in partnership cash for his equity. Journal entry worksheet Notel Enter debits before credits. e. McLean is paid $39,250 in partnership cash plus machinery that is recorded on the partnership books at $127,000 less accumulate depreciation of $95,000. (Round final answers to 2 decimal places.) Journal entry worksheet Note: Enter debits before credits

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