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question 1 Withdrawl McCann Pollard Raj are all members of a partnership they split all prcaccording to capital balances. opening capital balances are as follows
question 1 Withdrawl McCann Pollard Raj are all members of a partnership they split all prcaccording to capital balances. opening capital balances are as follows McCann 50,000 Pollard 50,000 Raj 40,000 McCann stake is purchased for 40000 from company resources a) what is the bonus that results from this transaction? bonus b) create the appropriate journal entry to record the withdrawal of this partner Date Description DR CR question 4 Withdrawl Blake Lombard Boyd are all members of a partnership they split all prcequally opening capital balances are as follows Blake 25,000 Lombard 66, 000 Boyd 21,000 Blake stake is purchased for 30000 by boyd frou his Personal assets a) what is the bonus that results from this transaction? bonus b) create the appropriate journal entry to record the withdrawal of this partner Date Description DR CR
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