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, $3,500; Cruz, $2,300; and Perez, $1,700. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $1,700; (2) $2,350; and (3) $950. View transaction list Journal entry worksheet 1 2 3 Record the retirement of Perez assuming that she is paid $1,700 for her equity. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal FZ 20 3 888 < Prev 15 of 16 Next MacBook Air FA FA +10