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Required information [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

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Required information [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. 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.) Journal entry worksheet Record the admission of Rhode with an investment of $136,667 for a 25% interest in the equity. Note: Enter debits before credits Journal entry worksheet Record the admission of Rhode with an investment of $99,767 for a 25% interest in the equity. Journal entry worksheet Record the admission of Rhode with an investment of $179,034 for a 25% interest in the equity. Note: Enter debits before credits

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