Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:3:2 ratio (in percents: Hunter, 50%; Folgers, 30%; and Tulip, 20%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $370,000; Folgers, $259,000; and Tulip, $185,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip paid $185,000, $205,000, $155,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 3 Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $185,000. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit < Prev 9 of 10 Next