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Help Save & Exit Check Required information The following information applies to the questions displayed...

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Accounting

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Help Save & Exit Check Required information The following information applies to the questions displayed below) Melr, Benson, and Lou are partners and share income and loss in a 3.2.5 ratio in percents: Melc, 30% Benson, 20%, and Lau, 50%). The partnership's capital balances are as follows: Melt $168,000, Benson, $138,000, and Lau, $294,000 Benson decides to withdraw from the partnership 2. Assume that Benson does not retire from the partnership described in Part 1. Instead, Rhode is admitted to the partnership on February 1 with a 25% equity. Prepare journal entries to record Rhode's entry into the partnership under each separate assumption: Rhode Invests ( $200,000 ($145,000, and (a $262,000. (Do not round Intermediate calculations.) View transactions Journal entry worksheet 2 Record the admission of Rhode with an investment of 200,000 for a 25 Interest in the equity Transaction General tournal Crede MacBook Air $ %6 2 7 8 0 E R T Y O P S D F G H J K X C V B B N. M Command

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