Exercise 11-11 Retirement of a partner L04 CHECK FIGURES: b. Dr Holt, Capital: $3,750; c. Cr Holt, Capital: $1,875 Barth, Holt, and Tran have been partners of a ski, snowboard, and mountain bike shop in Whistler, BC, called Storm. Based on the partnership agreement, they share profit and losses in a 6:2:2 ratio. On No- vember 30, the date Tran retires from the partnership, the equities of the partners are Barth, $300,000; Holt, $195,000; and Tran, $75,000. Present general journal entries to record Tran's retirement under each of the following unrelated assumptions: a. Tran is paid $75,000 in partnership cash for his equity. b. Tran is paid $90,000 in partnership cash for his equity. c. Tran is paid $67,500 in partnership cash for his equity.