Instructions Cummings and Stickel Construction Company, a partnership, is operating a general contracting business Ownership of the company is divided among the partners, Katie Cummings, Julie Stickel, Roy Howson, and Patricia Weber Profits and losses are shared equally. The books are kept on the calendar year basis On August 10, after the business had been in operation for several years, Patricia Weber passed away Mr. Weber wished to sell his wife's interest for $30,000. After the books were closed the partners' capital accounts had credit balances as follows Katie Cummings $90,000 Julie Stickel 60,000 Roy Howson 50,000 Patricia Weber 40,000 Required: 1. Pronare the oriunal and to enter the chockierto Me Maber in name of the econo e interest in the narrorshi Instructions Julie Stickel 60 000 Roy Hewson Patricia Weber 50,000 40,000 Required: 1. Prepare the general journal entry required to enter the check issued to Mr. Wober in payment of his deceased wife's interest in the partnership According to the partnership agreement, the difference between the amount paid to Mr Wober and the book value of Patricia Weber's capital account is allocated to the remaining partners based on their ending capital account balances. 2. Assume instead that Mr. Wober is paid $60,000 for the book value of Patricia Weber's capital account. Prepare the necessary journal entry 3. Assume instead that Julie Stickel (with the consent of the remaining partners) purchased Weber's interest for $70,000 and gave Mr. Webora personal check for that amount Prepare the general journal entry for the partnership only Instructions General Journal 1 Propare the general journal entry required to enter the check issued to Mr. Wober in payment of his deceased wife's interest in the partnership According to the partnership agreement, the difference between the amount paid to Mr. Wober and the book value of Patricia Weber's capital account is allocated to the rowing partners based on their ending capital account balances General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Ana 10 Patricia Weber.Canital 40.000.00