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A, B, and C are partners who share profits and losses in a ratio of...

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Accounting

A, B, and C are partners who share profits and losses in a ratio of 3:1:2, respectively. C's Capital account has a $50,000 balance. A and B have agreed to let C take $62,000 of the company's cash when she retires. Prepare an entry in journal form without explanation to record C's exit, including the recognition of a bonus to C.
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