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. View transaction list Journal entry worksheet 1 3 Record the retirement of Perez assuming that she is paid $1,900 for her equity. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Perez, Capital 1,900 Cash 1,900 Record entry Clear entry View general journal Journal entry worksheet 3 Record the retirement of Perez assuming that she is paid $2,650 for her equity. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Perez, Capital Lopez, Capital Cruz, Capital Cash 1,900 Record entry Clear entry View general journal > Journal entry worksheet Record the retirement of Perez assuming that she is paid $1,050 for her equity. Note: Enter debits before credits. Date December General Journal Debit Credit 31 Perez, Capital Cash Lopez, Capital Cruz, Capital Record entry Clear entry View general journal