US Hele vestem Announcements Weygandt, Accounting Principles, 13e Problem 12-05A a-b On December 31, the capital balances and income ratios in Sheridan Company are as follows. Partner Trayer Emig Posada Capital Balance $59,500 35,500 30,500 Income Ratio 50% 30% 20% Journalize 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) Each of the continuing partners agrees to pay $18,600 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity (2) Emig agrees to purchase Posada's ownership interest for $23,000 cash. (3) Posada is paid $34,100 from partnership assets, which includes a bonus to the retiring partner (4) Posada is paid $20,980 from partnership assets, and bonuses to the remaining partners are recognized No. Account Titles and Explanation Debit Credit 1 2. > > > > > > > >>> >> LINK TO TEXT If Emig's capital balance after Posada's withdrawal is $38,890. w were (1) the total bers to the remaining partners and (2) the cash paid by the part to Posada? is paid $34,100 from partnership assets, which includes a bonus to the retiring partner. (4) Posada is paid $20,980 from partnership assets, and bonuses to the remaining partners are recognized No. Account Titles and Explanation Debit Credit 1. > y