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Meir, Benson, and Lau are partners and share income and loss in a 1:4.5 ratio (in percents: Meir 10%; Benson, 40%; and Lau, 50%). The

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Meir, Benson, and Lau are partners and share income and loss in a 1:4.5 ratio (in percents: Meir 10%; Benson, 40%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $28,000; Benson, $119,000; and Lau, $153,000. Benson decides to withdraw from the partnership Problem 12-5A Part 2 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) $100,000,() $73,000, and ($131,000 (Do not round your intermediate calculations.) Required information View transaction list BO X: 1 Record the admission of Rhode with an investment of $100,000 for a 25% interest in the equity. 2 Record the admission of Rhode with an investment of $73,000 for a 25% interest in the equity. 3 Record the admission of Rhode with an investment $131,000 for a 25% interest in the equity

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