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Moe, Larry and Curley are partners in a partnership. The partners have always shared losses and Gains in a 3: 2:1 ratio and on
Moe, Larry and Curley are partners in a partnership. The partners have always shared losses and Gains in a 3: 2:1 ratio and on the date of Curley's retirement they have the following equities in the partnership: 24,000 Larry 30,000 Curley 18,000 Using Today's Date Give in General Journal Form the entry showing the retirement of Curley under the following unrelated assumptions: 1. Curley retires taking $18,000 of cash with him for his equity 2. Curley retires taking 20,000 of partnership cash with him
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