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Business, 20.02.2020 00:38 organicmemez

Mary, Ann, and Beth are partners. Their capital balances are, $23,000; $41,000; and $30,000, respectively. As per the partnership agreement, Mary receives a profit share of 2/9; Ann has 4/9; and Beth has 3/9. Beth withdraws from the partnership by receiving $23,000. What will be the impact of this transaction on the journal entries?

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Mary, Ann, and Beth are partners. Their capital balances are, $23,000; $41,000; and $30,000, respect...
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