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Journalize the withdrawal of sara

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Reference no: EM132905681

On March 31 Sara retires from partner ship is Sara Brendan and Tim. The partnership capital balance is Sara $ 48,000 Brendan $48000, and Tim $21000 the profit loss ratio is 5:3:2 for Sara brenden and Tim.

Problem 1: journalize the withdrawal of Sara assuming she receives $ 60,000 cash

Problem 2: journalize the withdrawal of Sara assuming she receives $30,000 cash

Reference no: EM132905681

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