Meir Benson, and Lau are partners and share income and loss in a 2:3:5 ratio (in percents: Meir, 20%, Benson, 30%, and Lau, 50%). The partnership's capital balances are as follows: Meir, $78,000; Benson, $119,000; and Lau, $203,000. Benson decides to withdraw from the partnership

Required information [The following information opples to the questions displayed below]. Meir, Benson, and Lau are parthers and share income and loss in a 2:3:5 ratio (in percents: Meir: 20\%: Benson, 30\%; and Lau, 50\%). The partherships capital balances are as follow:. Meir, $78,000 : Benson, \$119,000; and Lau, \$203,000. Benson decides to withdraw from the partnership 2. Assume that Benson does not retire 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 separate assumption. Rhode invests (a)$133,333, (b) $97,333, and (c) $174,666. Note: Do not round intermediate calculations. Journal entry worksheet 3 Record the admission of Rhode with an investment of 5133.333 for a 25% interest in the equity. Note: friter denbits before credits