Capital balances in midway co are messer 40720 isch 27850

Reference no: EM13609320

Capital balances in Midway Co. are Messer $40,720, Isch $27,850, and Denny $18,450. Messer and Isch each agree to pay Denny $11,550 from their personal assets. Messer and Isch each receive 50% of Denny's equity. The partners share income equally. Journalize the withdrawal of Denny.

Reference no: EM13609320

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