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Justin, Shannon, and Cameron each have a $259.000 capital balance. They share profits and losses as follows 1:12 to Justin, Shannon, and Cameron, respectively Suppose
Justin, Shannon, and Cameron each have a $259.000 capital balance. They share profits and losses as follows 1:12 to Justin, Shannon, and Cameron, respectively Suppose Cameron is withdrawing from the business Requirements 1. Journalize the withdrawal of Cameron if the partnership agrees to pay Cameron 5259.000 cash 2. Journalize the withdrawal of Cameron if the partnership agrees to pay Cameron 5250.000 cash Requirement 1. Journalire the withdrawal of Cameron if the partnership agrees to pay Cameron 5259,000 cash Record debits first, then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debili Credit Requirement 2. Journalize the withdrawal of Cameron the partnership agrees to pay Cameron $250,000 cash (Record its first, then credits Select the explanation on the line of the journal entry table) Date Accounts and Explanation Debit Credit
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