Dejion, Oscar and Edgardo are partners, having capital balances of $20,000, $50,000 and $40,000 respectively. The partners share net income equally. Oscar has decided to leave the partnership. After the revaluation of the assets, Oscars capital balance is updated to $58,000. Journalize the withdrawal of Oscar in the following independent scenarios:

a. The partnership business pays Oscar cash equaling his equity. (3 pts)

b. Oscar sells his equity to Edgardo for $60,000. (3 pts)