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Journalize the withdrawal of fernetti

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Problem - Capital balances in Carla Vista Co. are Lango $36,200, Oslo $28,000, and Fernetti $18,500. Lango and Oslo each agree to pay Fernetti $14,300 from their personal assets to buy out Fernetti. Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally. Journalize the withdrawal of Fernetti.

Reference no: EM133036858

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