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very very urgent Harrison, Dancy, and Louie have capital balances of $60,000, $50,000, and $40,000, respectively. The profit and loss ratio is 3:2:1, respectively. On
very very urgent 
Harrison, Dancy, and Louie have capital balances of $60,000, $50,000, and $40,000, respectively. The profit and loss ratio is 3:2:1, respectively. On May 1, Dancy withdraws from the partnership. The partnership pays Dancy $54,000 Required: Prepare the journal entry to record Dancy's withdrawal from the nartnerchin
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
