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Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:2:3 ratio (in percents: Hunter, 50%; Folgers, 20%; and Tulip,

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Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:2:3 ratio (in percents: Hunter, 50%; Folgers, 20\%; and Tulip, 30\%). On January 31, the dote Tulip retires from the partnership, the equities of the partners are Hunter, $360,000; Folgers, $252,000; and Tulip, $180,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $180,000,$200,000,$150,000 for her equity using partnership cash. (Do not round intermediate caiculations. Round final answers to the nearest whole dollar.) Journal entry worksheet Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $180,000. Nutei Enfer debits Before reedits. Journal entry worksheet Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $200,000. Note: Enter debits before credits. Journal entry worksheet

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