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Journalize the withdrawal of fernetti

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Question - Capital balances in Crane Co. are Lango $30,400, Oslo $22,800, and Fernetti $15,200. Fernetti receives $18,200 from partnership assets in withdrawing from the firm. Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally. Journalize the withdrawal of Fernetti.

Reference no: EM133071016

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