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ulie Hall, Sara Young, and Amber Smith have capital balances of $ 4 8 , 0 0 0 , $ 3 8 , 4 0

ulie Hall, Sara Young, and Amber Smith have capital balances of $48,000, $38,400, and $28,800, respectively. The profit and loss ratio is 4:4:2. Assume Smith withdraws from the partnership on December 31 of the current year under each of the following independent conditions: Hall and Young agree to purchase Smith's equity by paying $16,320 each from their personal assets. Each purchaser receives 50% of Smith's equity. Young agrees to purchase all of Smith's equity by paying $21,120 cash from her personal assets. Hall agrees to purchase all of Smith's equity by paying $24,960 cash from her personal assets.
Journalize the withdrawal of Smith under Each of above assumption

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