Capital balances in Sheridan Co$.$ are Lango $$44,000,$ Oslo $$33,000,$ and Fernetti $$22,000.$ Fernetti has decided to leave the partnership. Lango and Oslo each agree to pay Fernetti $$26,400$ 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 account titles are automatically indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit