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On December 31, 2021, capital balances of the partners in Manitoba Maple are R. Neepawa $44,430, S. Altona $33,120; and T. Morden $25.720. The partners

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On December 31, 2021, capital balances of the partners in Manitoba Maple are R. Neepawa $44,430, S. Altona $33,120; and T. Morden $25.720. The partners share profit in a 5:3:2 ratio, respectively. Morden decides that she is going to leave the partnership Journalize the withdrawal of Morden assuming: Your answer is partially correct. Neepawa and Altona both pay Morden $17.750 from their personal assets to each receive 50% of Morden's equity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 T. Morden, Capital 7970 R. Neepawa, Capital 3985 S. Altona, Capital 3985 (To record withdrawal of partner.) Neepawa and Altona both pay Morden $12,450 from their personal assets to each receive 50% of Morden's equity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 I. Morden, Capital 13270 S Altona. Capital 6635 R. Neepawa, Capital 6635

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