Question
Larry, Curly and Moe have capital balances of $25,000, $75,000 and $20,000 respectively.They share profits and losses respectively. Moe retires and is allowed to withdraw
Larry, Curly and Moe have capital balances of $25,000, $75,000 and $20,000 respectively.They share
profits and losses respectively.
Moe retires and is allowed to withdraw $15,000
What is the entry to record Moe's retirement?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
