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Capital balances in Cullumber Co. are Lango $49,600, Sslo $37,200, and Fernetti $24,800. Fernetti has decided to leave the partnership. Lango and Oslo each agree

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Capital balances in Cullumber Co. are Lango $49,600, Sslo $37,200, and Fernetti $24,800. Fernetti has decided to leave the partnership. Lango and Oslo each agree to pay Fernetti $29,800 from partnership assets in withdrawing from the firm. Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally. Journalize the withdrawal of Fernetti. (Credit occount titles are automatically indented when amount is entered. Do not indent manually)

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