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i need all parts down thanks PROBLEMS Record withdrawal of partner. P1: On December 31, the capital balances and profit and loss ratios in the
i need all parts down thanks
PROBLEMS Record withdrawal of partner". P1: On December 31, the capital balances and profit and loss ratios in the EVA Company are as follows: Partner Capital Balance Profit and Loss Ratio R. Edmondson $140,000 60% P. Velianoski $ 60,000 30% R. Antoni $ 49,000 10% Antoni is withdrawing from the partnership. Instructions Joumalize the withdrawal of Antoni under each of the following independent assumptions: 1. Each of the remaining partners agrees to pay $29,000 cash from personal funds to purchase Antoni's ownership equity. Each partner receives 50% of Antoni's equity. 2. Velianoski agrees to purchase Antoni's ownership interest for $58,000 cash. 3. Antoni is paid $58,000 from partnership assets. 4. Antoni is paid $38,200 from partnership assetsStep by Step Solution
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