Svona 0.33/1 E Question 26 of 26 On December 31. the capital balances and income ratios in Cullumber Company are as follows. Partner Capital Balance Income Ratio Trayer $63.000 50% Emig 42.000 30% Ponada 25,500 20% (a) Your answer is partially correct Journaline the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) 123 Each of the continuing partners agrees to pay $18,800 in cash from personal funds to purchase Posada's ownership equity. Eachreceives 50% of Posada's equity. Emig agrees to purchase Posada's ownership interest for $23,000 cash. Posada is paid $29,660 from partnership assets, which includes a bonus to the retiring partner. Posada is paid $16,140 from partnership assets and bonuses to the remaining partners are recognized 131 (4) Question 26 of 26 0.33/1 E No. Account Titles and Explanation Debit Credit 1. Posada Capital Trayer, Capital Emig. Capital 2 Posada, Capital Emig. Capital 3 Posada Capital Trayer, Capital Emig. Capital Cash 4. Posada, Capital Trayer, Capital Emig. Capital Cash