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On December 31, 2021, capital balances of the partners in Manitoba Maple are R. Neepawa $45,150; S. Altona $33,200; and T. Morden $24,910. The partners

On December 31, 2021, capital balances of the partners in Manitoba Maple are R. Neepawa $45,150; S. Altona $33,200; and T. Morden $24,910. 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:

Neepawa and Altona both pay Morden $17,405 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

select an account title to record withdrawal of partner on December 31 R. Neepawa, CapitalT. Morden, CapitalCashT. Morden, DrawingsS. Altona, Capital

enter a debit amount

enter a credit amount

select an account title to record withdrawal of partner on December 31 CashT. Morden, CapitalS. Altona, CapitalR. Neepawa, CapitalT. Morden, Drawings

enter a debit amount

enter a credit amount

select an account title to record withdrawal of partner on December 31 S. Altona, CapitalCashR. Neepawa, CapitalT. Morden, CapitalT. Morden, Drawings

enter a debit amount

enter a credit amount

(To record withdrawal of partner.)

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