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On December 31, the capital balances and income ratios in Ivanhoe Company are as follows. (a) Journalize the withdrawal of Posada under exch of the

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On December 31, the capital balances and income ratios in Ivanhoe Company are as follows. (a) Journalize the withdrawal of Posada under exch of the following asumptions. (Crondit account tides are automatioaly indented when amount is entered, Do not indent manualbd. (1) Each of the continulng partners agrees to pay $19,200 in cash from personal funds ta purchase Posadas ownerthlo equlty. Fach recelves 50x of Posadas equity. (2) Einig agrees to purchase Posada's ownership intereit for $23.200cash. (3) Posada is paid $2:200 frompartnershep assets, which includes a bonus to the retirine oartner. (4) Posada is paid $15,880 from partnership assets. and bonuies to the romaining pat thers are recognized. eovity Cab rectives sos of Polatis equaly (2) Lmiagenice purthase Foadxiemerilo nierest for bya aco cath

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