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On December 31, the capital balances and income ratios in TCP Company art as follows. Journalise the withdrawal of Posada under each of the following

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On December 31, the capital balances and income ratios in TCP Company art as follows. Journalise the withdrawal of Posada under each of the following assumptions. Each of the continuing partners agrees to pay $10,000 in cash from personal funds to purchase posada's ownership equity. Each receives 50% of posada's equity. Emig agrees to purchase posads's ownership interest for $23,000 cash. Posada is paid $29,660 from partnership assets, which includes a bonus to the retiring partner. Posada is paid $16,140 from partnership assets, and bonuses to the remaining partners are recognized

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