Required information Problem 11-8A Partner withdrawal and admission LO P3, P4 [The following information applies to the questions displayed below.] Meir, Benson, and Lau are partners and share income and loss in a 2:3:5 ratio (in percents: Meir, 20%; Benson, 30%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $80,000; Benson, $122,000; and Lau, $208,000. Benson decides to withdraw from the partnership. Problem 11-8A Part 2 2. Assume that Benson does not retire from the partnership described in Part 1. Instead, Rhode is admitted to the partnership on February 1 with a 25% equity. Prepare journal entries to record Rhode's entry into the partnership under each separate assumption: Rhode invests (a) $136,667; (b) $99,767; and (c) $179,034. (Do not round intermediate calculations.) View transaction list Journal entry worksheet