Holland, Flowers, and Tulip have been partners while sharing net income and loss in a 5:3:2 ratio. On January 31, the date Tulip retires from the partnership, the equities of the partners are Holland, $350,000; Flowers, $240,000; and Tulip, $180,000.

(1)	Assume Tulip is paid $180,000 for her equity using partnership cash. Prepare journal entries to record Tulip's retirement.(Omit the "$" sign in you response.)

Date	General Journal	Debit	Credit
Jan. 31	(Click to select) Accounts receivable Service revenue Prepaid rent Cash Tulip, Capital Holland, Captial Flowers, Capital Long-term payable
	(Click to select) Service revenue Prepaid rent Tulip, Capital Cash Accounts receivable Holland, Captial Flowers, Capital Long-term payable

(2)	Assume Tulip is paid $200,000 for her equity using partnership cash. Prepare journal entries to record Tulip's retirement.(Do not round intermediate calculations and round your final answers to the nearest dollar amount.Omit the "$" sign in you response.)

Date	General Journal	Debit	Credit
Jan. 31	(Click to select) Cash Ash, Capital Holland, Capital Flowers, Capital Retained earnings Prepaid insurance Seal, Capital Tulip, Capital
	(Click to select) Flowers, Capital Cash Retained earnings Prepaid insurance Holland, Capital Seal, Capital Tulip, Capital Ash, Capital
	(Click to select) Holland, Capital Retained earnings Seal, Capital Ash, Capital Prepaid insurance Flowers, Capital Tulip, Capital Cash
	(Click to select) Ash, Capital Prepaid insurance Seal, Capital Holland, Capital Flowers, Capital Retained earnings Tulip, Capital Cash

(3)	Assume Tulip is paid $150,000 for her equity using partnership cash. Prepare journal entries to record Tulip's retirement.(Do not round intermediate calculations and round your final answers to the nearest dollar amount.Omit the "$" sign in you response.)

Date	General Journal	Debit	Credit
Jan. 31	(Click to select) Holland, Captial Accounts payable Prepaid insurance Tulip, Capital Cash Flowers, Capital Store supplies Long-term investments
	(Click to select) Cash Tulip, Capital Flowers, Capital Holland, Capital Prepaid insurance Accounts payable Store supplies Long-term investments
	(Click to select) Flowers, Capital Tulip, Capital Long-term investments Prepaid insurance Holland, Capital Accounts payable Cash Store supplies
	(Click to select) Accounts payable Prepaid insurance Flowers, Capital Holland, Capital Cash Tulip, Capital Store supplies Long-term investments