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Lopez, Cruz, and Perez are partners and share net income and loss in a 73.1 ratio in ratio form Lopez, 77 Cruz, 3/11, and Perez.

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Lopez, Cruz, and Perez are partners and share net income and loss in a 73.1 ratio in ratio form Lopez, 77 Cruz, 3/11, and Perez. 1/1) On December 31, Perez withdraws from the partnership when the equities of the partners are Lopez, $3,100 Cruz. $1900, and Perez $1,300. Prepare journal entries to record Perez's withdrawal under each separate situation Perez is paid for her equity using partnership cash of (1) $1,300 (2) $1750; and (3) $750, View transaction list Journal entry worksheet Record the retirement of Perez assuming that she is paid $1,300 for her equity Note: Enter debits before credits Debit Credit Date General Journal December 31 View general journal Clear entry Record entry of 7 Next >

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