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Lopez, Cruz, and Perez are partners and share net Income and loss In a 6:4:1 ratlo. On December 31, Perez withdraws from the partnership when
Lopez, Cruz, and Perez are partners and share net Income and loss In a 6:4:1 ratlo. On December 31, Perez withdraws from the partnership when the equitles of the partners are: Lopez, $3,300; Cruz, $2,100, and Perez, $1,500. Prepare lournal entries to record Perez's withdrawal under each of the following separate situations: Perez Is pald for her equity using partnershlp cash of () $1,500; (2) $2,050; and (3) $850. View transaction list Journal entry worksheet 2 3 Perez assuming that she is paid $1,500 for h Record the retirement equity Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal
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