On December 31, the capital balances and income ratios in Carla Vista Company are as follows. Partner Capital Balance $60,000 Trayer Emig Posada (a) M 41,500 (2) (3) (4) 29,000 1. Income Ratio 50% Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indente when amount is entered. Do not indent manually.) 30% Your answer is partially correct. (1) Each of the continuing partners agrees to pay $18,800 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. Emig agrees to purchase Posada's ownership interest for $23,000 cash. Posada is paid $32,920 from partnership assets, which includes a bonus to the retiring partner. Posada is paid $19,800 from partnership assets, and bonuses to the remaining partners are recognized. Posada, Capital 20% Trayer, Capital No. Account Titles and Explanation Debit Credit

On December 31, the capital balances and income ratios in Carla Vista Company are as follows. (a) Your answer is partially correct Journalize the withdrawal of Posada under each of the following assumptions, (Credit account titles are automatically indente when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay $18.800 in cash from personal funds to purchase Posada's ownership equity, Each receives 50% of Posada's equity. (2) Emig agrees to purchase Posada's ownership interest for $23,000cash. (3) Posada is paid $32,920 from partnership assets, which includes a bonus to the retiring partner: (4) Posada is paid $19,800 from partnership assets, and bonuses to the remaining parthers are recognized. Journalize the withdrawal of Posada under each of the following assumptions, (Credit account titles are automotically indentred when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay $18,800 in cash from personalfunds to purchase Posada's ownership equity. Each recelves 50% of Posada's equity. (2) Emig agrees to purchase Posada's ownership interest for $23,000cash. (3) Posada is paid $32,920 from partnership assets, which includes a bonus to the retiring partner: (4) Posada is paid $19,800 from parthership assets, and bonuses to the remaining partners are recognized. If Emig's capital balance after Posada's withdrawal is $44,890, what were (1) the total bonus to the remaining parthers and (2) the cash paid by the partnership to Posada? (1) Total bonus (2) Cash paid to Posada