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Capital balances in Oriole Co. are Lango $44,700, Oslo $31,800, and Fernetti $13,400. Fernetti has decided to leave the partnership. Lango and Oslo each agree

Capital balances in Oriole Co. are Lango $44,700, Oslo $31,800, and Fernetti $13,400. Fernetti has decided to leave the partnership. Lango and Oslo each agree to pay Fernetti $13,500 from their personal assets. Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally. Journalize the withdrawal of Fernetti. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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Capital balances in Oriole C0. are Lango $44,700, Oslo $31,800, and Fernetti $13,400. Fernetti has decided to leave the partnership. Lango and Oslo each agree to pay Fernetti $13,500 from their personal assets. Lango and Oslo each receive 50% of Fernettl's equity. The partners share income equally. Journalize the withdrawal of Fernetti. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Capital balances in Oriole C0. are Lango $44,700, Oslo $31,800, and Fernetti $13,400. Fernetti has decided to leave the partnership. Lango and Oslo each agree to pay Fernetti $13,500 from their personal assets. Lango and Oslo each receive 50% of Fernettl's equity. The partners share income equally. Journalize the withdrawal of Fernetti. (Credit account titles are automatically indented when amount is entered. Do not indent manually)

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