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Lopez, Cruz, and Perez are partners and share net income and loss in a 6:4:1 ratio (in ratio form: Lopez, 6/11; Cruz, 4/11; and Perez,

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Lopez, Cruz, and Perez are partners and share net income and loss in a 6:4:1 ratio (in ratio form: Lopez, 6/11; Cruz, 4/11; and Perez, 1/11). On December 31, Perez withdraws from the partnership when the equities of the partners are: Lopez, $3,700; Cruz, $2,500; and Perez, $1,900. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $1,900; (2) $2,650; and (3) $1,050. Journal entry worksheet Record the retirement of Perez assuming that she is paid $1,900 for her equity. Lopez, Cruz, and Perez are partners and share net income and loss in a 6.41 ratio (in ratio fo On December 31. Perez. withdraws from the portnership when the equities of the partiers are $1,900. Prepare journal entries to record Perez's withdrawal under eachi separate situotion. p parthorship cash of (1) $1,900,(2)$2,650; and (3) $1.050. Journal entry worksheet 3. hecord the retirement of Perez assuming that she is paid $2,650 for her equity. fiste: Finker detits betore verits. 4. Cruz, and Perez are partners and share net income and loss in a 6.4.1 ratio fin tatio fo ecember 31, Perez withdraws from the partnership when the equaties of the partrers a 0. Prepare joumal entries to record Perez's withidrawal under each separate situation: ership cash of (1) \$1,900; (2) $2,650; and (3) $1,050. Journal entry worksheet Record the retirement of Perez assuming that she is paid $1,050 for her equity. Notet Enter debits belore credits

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