year, Maria decides to withdraw from the partnership. Maria will receive cash settlement Maria, Leonora and Teresa are partners with adjusted capital balances of P165,000, P150,000 and P180,000...

Extracted text: year, Maria decides to withdraw from the partnership. Maria will receive cash settlement Maria, Leonora and Teresa are partners with adjusted capital balances of P165,000, P150,000 and P180,000 respectively and divide profit and loss equally. At the end of sh of P150,000 Instruction: Give the entry to record the withdrawal of Maria assuming - a. Bonus Method is used b. Revaluation of Asset method is used