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Journalize the withdrawal of Posada under each of the following assumptions. ( Credit account titles are automatically indented when ( b ) If Emig's capital

Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when (b)
If Emig's capital balance after Posada's withdrawal is $39,840, what were (1) the total bonus to the remaining partners and (2) the
cash paid by the partnership to Posada?
(1) Total bonus
$
(2) Cash paid to Posada $
eTextbook and Media
Attempts: 0 of 5 used
amount is entered. Do not indent manually.)
(1) Each of the continuing partners agrees to pay $19,200 in cash from personal funds to purchase Posada's ownership
equity. Each receives 50% of Posada's equity.
(2) Emig agrees to purchase Posada's ownership interest for $23,200 cash.
(3) Posada is paid $28,200 from partnership assets, which includes a bonus to the retiring partner.
(4) Posada is paid $15,880 from partnership assets, and bonuses to the remaining partners are recognized.
No. Account Titles and Explanation
1
1
1
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