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Previous Page Next Page Page 4 of 4 Question 4 (10 points) Rizvi, Serrao and Wright have capital balances of $100,000, $70,000, and $60,000,

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Previous Page Next Page Page 4 of 4 Question 4 (10 points) Rizvi, Serrao and Wright have capital balances of $100,000, $70,000, and $60,000, respectively, and they share income on a 4:3:3 basis. Instructions Journalize the withdrawal of Wright from the partnership under each of the following circumstances. (a) Wright is paid $70,000 in cash from partnership assets. (b) Wright is paid $77,000 in cash from partnership assets. (c) Wright is paid $49,000 in cash from partnership assets. /10 Paragraph 3 BIUA/ +v

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