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Required information The following information applies to the questions displayed below] Meir, Benson, and Lou are partners and share income and loss in a 3.2.5

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Required information The following information applies to the questions displayed below] Meir, Benson, and Lou are partners and share income and loss in a 3.2.5 ratio (in percents: Meir, 30%: Benson, 20%, and Lau 50%). The partnership's capital balances are as follows: Meir $88.000; Benson $59,000; and Lau, $153,000 Benson decides to withdraw from the partnership. 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) $100.000 (6) $73.000; and (a $131000. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet

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