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Jason River, Sara Down, and Cam Preti each have a $240,000 capital balance. They share profits and losses as follows: 2:
Posted: Mon May 30, 2022 6:57 am
by answerhappygod
- Jason River Sara Down And Cam Preti Each Have A 240 000 Capital Balance They Share Profits And Losses As Follows 2 1 (19.91 KiB) Viewed 18 times
Jason River, Sara Down, and Cam Preti each have a $240,000 capital balance. They share profits and losses as follows: 2:2:6 to River, Down, and Prel, respectively. Suppose Preis withdrawing from the business. Requirements 1. Journalize the withdrawal of Preti if the partnership agrees to pay Proti $240.000 cash 2. Journalize the withdrawal of Pret if the partnership agrees to pay Preti $210,000 cash CHIED Requirement 1. Journalize the withdrawal of Pret if the partnership agrees to pay Presi $240,000 cash. (Record debits first, then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit