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Prepare an entry in journal form without explanation

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X, Y, and Z are partners who share profits and losses in a ratio of 1:2:3, respectively. Z's Capital accounthas a $60,000 balance. X and Y have agreed to let Z take $68,000 of the company's cash when he retires.

Prepare an entry in journal form without explanation to record Z's exit, including the recognition of abonus to Z

Reference no: EM131759609

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