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Meir Benson, and Lau are partners and share income and loss in a t:45 rato. The partnership's capital balances are as follows: Melr, $23000. Benson,

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Meir Benson, and Lau are partners and share income and loss in a t:45 rato. The partnership's capital balances are as follows: Melr, $23000. Benson, $99.000, and Lau, $128.000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Assume that Benson does not retre from the partnership described in Part 1 Instead. Rhode is admitted to the partnership on February 1 with a 25% equity. Prepare journal entries to record Rhode's entry Into the partnership under each of the following separate assumptions Rhode Invests (a) $83.333. (b) $60.833 and (c) $109.166. (Do not round your Intermedlate calculations) View transaction ot wew journal entry worksheet Debit Cash 83.333 Rhode. Capital 83.333 Cash Meir, Capital Benson. Capital Lau Capital Rhode. Capita 50,833 Cash Mer. Capits Benson. Capita ic) 109.186 Rhade. Capta

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