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LOT is a partnership owned by Lisby, Otey, and Thorn. The partners' profit-and-loss-sharing ratio is 1:1:2, respectively. The acjusted trial balance of the partnarship a

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LOT is a partnership owned by Lisby, Otey, and Thorn. The partners' profit-and-loss-sharing ratio is 1:1:2, respectively. The acjusted trial balance of the partnarship a November 30,2024 , follows: (Cick the icon to view the trial balance.) Read the requirements. Requirement 3. Thom decides to withdraw from the partnership on December 1, 2024. Her settlement includes all the Merchandise inventery and all of the Cash in exchange for her equity interest in the partnership. (Record debits first, then credits. Select the explanation on the last line of the journal entry tabie.) Data table Print Done

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