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Question 5 (6 points) Harrison, Dancy, and Louie have capital balances of $60,000, $50,000, and $40,000, respectively. The profit and loss ratio is 3:4:6,
Question 5 (6 points) Harrison, Dancy, and Louie have capital balances of $60,000, $50,000, and $40,000, respectively. The profit and loss ratio is 3:4:6, respectively. On May 1, Harrison withdraws from the partnership. The partnership pays Harrison $62,000 Required: Prepare the journal entry to record Harrison's withdrawal from the partnership. Paragraph BIUA GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT
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Forensic Accounting and Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley, Joseph T. Wells
1st edition
047043774X, 978-0470437742
