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, 3/11; and Perez, 1/11). On December 31, Perez withdraws from the partnership when the equities of the partners are: Lopez, $4,600; Cruz, $3,400; and Perez, $2,800. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $2,800; (2) $4,000; and (3) $1,500. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31 Perez, Capital 2,800 Cash 2.800 2 December 31 Perez, Capital 2,800 Lopez, Capital Cruz, Capital Cash 4,000 3 December 31 Perez, Capital Cash Lopez, Capital Cruz, Capital