Lopez, Cruz, and Perez are partners and share net income and loss in a 6:41 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, $3,300; Cruz, $2100; and Perez, $1,500. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $1,500; (2) $2,050, and (3) $850. View transaction list Journal entry worksheet 1 2 3 A Record the retirement of Perez assuming that she is paid $1,500 for her equity. Note: Enter debits before credits. Date General Journal Debit December 31 Record entry Clear entry View general journal Lopez, Cruz, and Perez are partners and share net income and loss in a 6:41 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, $3,300; Cruz, $2,100; and Perez, $1.500. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $1,500: (2) $2,050; and (3) $850. View transaction list Journal entry worksheet