b) Tran is paid $116,000 in partnership cash for his equity. c) Tran is paid $74,000 in partnership cash for his equity.

Barth, Holt, and Tran have been partners of a ski, snowboard, and mountain bike shop in Whistler, BC, called Storm. Based on the partnership agreement, they share profit and losses in a 6:2:2 ratio. On November 30, the date Tran retires from the partnership, the equities of the partners are Barth, $313,000; Holt, $208,000; and Tran, $88,000. Present general journal entries to record Tran's retirement under each of the following unrelated assumptions: a. Tran is paid $88,000 in partnership cash for his equity. View transaction list Journal entry worksheet es Record the retirement of Tran. Note: Enter debits before credits. Date General Journal Debit Credit November 30