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Meir. Benson and Lau are partners and share income and loss in a t45 ratio (in percents: Meir, 10%; Benson, 40%, and Lau. 509) The
Meir. Benson and Lau are partners and share income and loss in a t45 ratio (in percents: Meir, 10%; Benson, 40%, and Lau. 509) The partnership's capital balances are as follows: Meir, $23,000; Benson, $99,000, and Lau, $128,000. 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) 583,3331(b) $60,833; and (9 $109,166. (Do not round intermediate calculations.) View transaction list Journal entry worksheet
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