Capital balances in midway co are mirko 40000 neil 30000

Reference no: EM13379544

Capital balances in Midway Co. are Mirko $40,000, Neil $30,000, and Grillini $18,000. Mirko and Neil each agree to pay Grillini $12,000 from their personal assets. Mirko and Neil each receive 50% of Grillini's equity. The partners share income equally. Journalize the withdrawal of Grillini.

Reference no: EM13379544

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