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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 2:35

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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 2:35 ratio. The partnership's capital balances are as follows: Meir. $78,000; Benson, S119,000, and Lau, $203,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement Assume thet 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 to record Rhode's entry into the partnership under each of the following separate Journal entry worksheet Record the admission of Rhode with an investment of $133,333 for a 25% interest in the equity View n list Import a new list Record the admission of Rhode with an investment of $133,333 for a 25% interest in the equity. 1 25% Record the admission of Rhode with an investment of $97,333 for a 25% interest in the equity. 2 Record the admission of Rhode with an investment of $174,666 for a 25% interest in the equity. 3 Credit Note: -journal entry has been entered

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