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I just need help with part B On December 31 , the capital balances and income ratios in Sunland Company are as follows. (a) Yuur
I just need help with part B
On December 31 , the capital balances and income ratios in Sunland Company are as follows. (a) Yuur artawar is corret.t. Journalize the withdrawel of Posada under cach of the following assumptions. (Credit account titles are autornotically indented when ansount is entered. Do not indent manualiy.) (1) Each of the continuing partrers agrees to pay $18,100 in Lash from personal funds to purchase Pasada's ownership equity. Each recelves 50% of Posada's equity. (2) Emie agrees to purchase Posada's ownership interest for $24,400 cash. (3) Posadia is pait 537,100 from part vershrip assets which inchatden a bonus to thes retiriry flartruer- (4) Ponada is gaaid $25,500 from partnershiph issets, and borwises to the remairnieng fxartoters are reccogniced. (b) If Emigs capital balance after Posada's withdrawal is $16,070, what were (1} the total bonus to the remaining partners and {2} the cash paidi ty the partrershipa to PosadaStep by Step Solution
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