Julie Lane, Sara Miles, and Amber Noll have capital balances of $49,700, $35,700, and $25,300, respectively. The profit and loss ratio is 5:3:2. Assume Noll withdraws from the partnership on December 31 of the current year under each of the following independent conditions:

1.		Miles agrees to purchase all of Nolls equity by paying $29,940 cash from her personal assets.
2.		Noll withdraws $25,300 cash from the partnership.
3.		Noll withdraws $30,500 cash from the partnership.

Journalize the withdrawal of Noll under each of the above assumptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
(1) Dec. 31	select an account title to record withdrawal of a partner on December 31 S. Miles, DrawingsA. Noll, CapitalIncome SummaryS. Miles, CapitalCash	enter a debit amount	enter a credit amount
	select an account title to record withdrawal of a partner on December 31 A. Noll, CapitalS. Miles, DrawingsCashS. Miles, CapitalIncome Summary	enter a debit amount	enter a credit amount
	(To record withdrawal of a partner.)
(2) Dec. 31	select an account title to record withdrawal of a partner on December 31 Income SummaryS. Miles, CapitalCashA. Noll, DrawingsA. Noll, Capital	enter a debit amount	enter a credit amount
	select an account title to record withdrawal of a partner on December 31 A. Noll, DrawingsCashA. Noll, CapitalIncome SummaryS. Miles, Capital	enter a debit amount	enter a credit amount
	(To record withdrawal of a partner.)
(3) Dec. 31	select an account title to record withdrawal of a partner on December 31 Income SummaryJ. Lane, CapitalS. Miles, CapitalCashA. Noll, Capital	enter a debit amount	enter a credit amount
	select an account title to record withdrawal of a partner on December 31 S. Miles, CapitalIncome SummaryCashA. Noll, CapitalJ. Lane, Capital	enter a debit amount	enter a credit amount
	select an account title to record withdrawal of a partner on December 31 J. Lane, CapitalCashA. Noll, CapitalIncome SummaryS. Miles, Capital	enter a debit amount	enter a credit amount
	select an account title to record withdrawal of a partner on December 31 A. Noll, CapitalIncome SummaryJ. Lane, CapitalCashS. Miles, Capital	enter a debit amount	enter a credit amount
	(To record withdrawal of a partner.)

Determine the balances in the partners capital accounts and in total partners equity after Noll has withdrawn, for conditions 1 and 3 above. (Do not leave any answer field blank. Enter 0 for amounts.)

Condition 1		J. Lane Capital		S. Miles Capital		A. Noll Capital		Total Capital
Beginning balance		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Ending balance		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

Condition 3		J. Lane Capital		S. Miles Capital		A. Noll Capital		Total Capital
Beginning balance		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Ending balance		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount