Required information [The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 3.25 ratio. 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, and the partners agree not to have the assets revalued upon Benson's retirement 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 of the following separate assumptions: Rhode invests (a) $100,000; (b) $73,000; and (c) $131,000. (Do not round your intermediate calculations.) 5 View transaction list Required information [The following information applies to the questions displayed below) Meir, Benson, and Lau are partners and share income and loss in a 3-2-5 ratio. 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, and the partners agree not to have the assets revalued upon Benson's retirement 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 of the following separate assumptions: Rhode invests (a) $100,000; (b) $73,000; and (c) $131,000. (Do not round your intermediate calculations.) nces View transaction ist