Question 11 pts

The ABCD partnership is comprised of A, B, C, and D, with the following capital balances and profit/loss shares at a particular point in time.

Partner	Capital	Profit/loss share
A	300,000	20%
B	200,000	40%
C	350,000	30%
D	150,000	10%

D wants to retire.

Assuming D is paid $300,000, what is the debit or credit to C's capital account, assuming the bonus method is used?

(answer format: "credit xx,xxx" or "debit xx,xxx")

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Question 21 pts

The ABCD partnership is comprised of A, B, C, and D, with the following capital balances and profit/loss shares at a particular point in time.

Partner	Capital	Profit/loss share
A	300,000	20%
B	200,000	40%
C	350,000	30%
D	150,000	10%
TOTAL	1,000,000	100%

D wants to retire.

Assuming D is paid $200,000, with "goodwill to all partners", how much goodwill would be created?

(answer format: "xx,xxx")

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Question 31 pts

The ABCD partnership is comprised of A, B, C, and D, with the following capital balances and profit/loss shares at a particular point in time.

Partner	Capital	Profit/loss share
A	300,000	20%
B	200,000	40%
C	350,000	30%
D	150,000	10%
TOTAL	1,000,000	100%

D wants to retire.

Assuming D is paid $200,000, with "goodwill to retiring partner only", how much goodwill would be created?

(answer format: "xx,xxx")