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Only 31, Sandra retires from the partnership of Sandra, Bart, and Tom. The partner capital balances are Sandra $50,000 Bart 545.000, and Tom $20,000. The
Only 31, Sandra retires from the partnership of Sandra, Bart, and Tom. The partner capital balances are Sandra $50,000 Bart 545.000, and Tom $20,000. The profit-and-loss sharing ratio has been 5,3 2 for Sandra, Bart, and Tom respectively Requirements 1. Journalize the withdrawal of Sandra assuming she receives 575,000 cash 7. Journalize the withdrawal of Sandra assuming she receives $48.000 cash Hequirement 1. Journalize the withdrawal of Sandra assuming the receives $75,000 cash (Read details list the credits Select the explanation on the last line of the journal entry table Date Accounts and Explanation Debit Credit Jul 31 Requirement 2. Journalize the withdrawal of Sandra assuming she receives 548,000 cash. (Record debita first then credits Select the explanation on the last line of the Journal entry table Date Accounts and Explanation Debih Credit 31
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