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Prepare the general journal entry to record on the june

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Reference no: EM132591653

Hopeful,. wordsmith and zoe are partners with capital balances as follow: Hopeful: 194,000, wordsmith 128,000 and zoe 90,000/ they share income and losses in the ratio 1:3:2 respectfully on June 15,2017

Hopeful deiced to withdraw from the partnership and is paid 176,000 in partnership for his equtiy

Required

Question 1: Prepare the general journal entry to record on the June 15,2017 withdrawal of Hopeful from the partnership

Reference no: EM132591653

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