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Hunter, Folgers, 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

Hunter, Folgers, 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 Hunter, $150,000; Folgers, $90,000; and Tulip, $60,000.

Prepare journal entries to record the retirement of Tulip under the following independent assumptions.

Assume Tulip is paid $60,000, $80,000, $30,000 for her equity using partnership cash. (Do not round intermediate calculations.)

I'm completely stump

this one is right

tulip cap 60,000

cash 60,000

I have this all right

tulip cap 60,000

hunter cap ?

folger cap?

cash 80,000

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