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Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 532 ratio in peter Hunter 50% Folge 30%, and Tulip

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Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 532 ratio in peter Hunter 50% Folge 30%, and Tulip 20%). On January 31 the date Tulio retires from the partnership, the equities of the partners are Hunter 5360000 Folgers. $252.000, and Tulip $180.000 Prepare journal entries to record the retirement of Tulip under the following independent assumption Assume Tulip is paid $180,000 $200,000, $150,000 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 H

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