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Ries withdrew $65,000, Bax withdrew $58,000 and Thomas withdrew $77,000 from the partnership. Prepare the journal entry necessary to record the withdrawals. Use the date
Ries withdrew $65,000, Bax withdrew $58,000 and Thomas withdrew $77,000 from the partnership. Prepare the journal entry necessary to record the withdrawals. Use the date December 31, 2020.
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