Huda,Tala, and Noor have capital balances of $47,500, $37,500, $ 30,000 respectively. They share income and loss on a 5:3:2 respectively . Noor Retire from the partnership under each of the following conditions using good will approach :

1. Noor is paid $32,000 in cash from partnership

2. Noor is paid $26,000 from Huda

Instructions

Journalize the withdrawal of Noor under each of the assumptions above , the partner agree not to record all of goodwill.