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View Policies Current Attempt in Progress Dale Brown, Keith Miller, and Issa Moore have capital balances of $82,960, $67,410, and $5,410, respectively. They share
View Policies Current Attempt in Progress Dale Brown, Keith Miller, and Issa Moore have capital balances of $82,960, $67,410, and $5,410, respectively. They share profit or loss on a 5:3:2 basis. Miller withdraws from the partnership on September 30 of the current year. (a) Journalize the withdrawal of Miller under each of the following assumptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. Miller is paid $74,900 cash from partnership assets. 2. Miller is paid $53,200 cash from partnership assets.
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