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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 (in

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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 (in percents: Meir, 30%. Benson, 20%, and Lau, 50%). The partnership's capital balances are as follows: Meir, $168,000, Benson, $138,000, and Lau, $294.000. 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) $200,000; (b) $145,000; and ($262,000. (Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the admission of Rhode with an investment of $200,000 for a 25% interest in the equity

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