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Capital balances in Pelmar Co. are Lango $38,400, Oslo $28,800, and Fernetti $19,200. Fernetti receives $23,000 from partnership assets in withdrawing from the firm. Lango

Capital balances in Pelmar Co. are Lango $38,400, Oslo $28,800, and Fernetti $19,200. Fernetti receives $23,000 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.

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