Lopez, Cruz, and Perez are partners and share net income and loss in a 7.3.1 ratio (in ratio form: Lopez, 7/11: Cruz, 3/1t; and Perez, 1/11). n the partnership when the equities of the partners are: Lopez. $3,600: Cruz, $2,400, and Perez $1,800. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $1,800: (2) $2,500; and (3) $1,000. View transaction list Journal entry worksheet