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Meir, Benson, and Lau are partners and share income and loss in a 3.2:5 ratio (in percents: Meir. 30%; Benson, 20%; and Lau, 50%). The partnership's capital balances are as follows: Meir $118,000; Benson, $79,000; 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 ($174,666. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Saved Help Save & Exit Meir, Benson, and Lau are partners and share income and loss in a 3.2.5 ratio (in percents: Meir, 30%; Benson, 20%; and Lau, 50%). The partnership's capital balances are as follows: Meir. $118,000, Benson, $79,000, and Lou, $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 (a $174,666. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet 3 Record the admission of Rhode with an investment of $97,333 for a 25% interest in the equity Note: Enter debits before credits Debit Credit General Journal Transaction (b) Meir, Benson, and Lau are partners and share income and loss in a 3:2:5 ratio (in percents: Meir, 30%; Benson, 20%; and Lau, 50%). The partnership's capital balances are as follows: Melt, $118,000; Benson, $79,000; and Lou, $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 (6) $133,333; (b) $97,333; and (c) $174,666. (Do not round your intermediate calculations.) View transaction ist Journal entry worksheet