On December 31, the capital balances and profit and loss ratios in Sunland Company are as follows:

Partner		Capital Balance				Profit and Loss Ratio
H. Fercho			$139,000			60%
P. Jiang			$59,100			30%
R. Antoni			$50,000			10%

Antoni is withdrawing from the partnership.

Journalize the withdrawal of Antoni if using personal funds, Jiang agrees to purchase Antonis ownership interest for $57,500 cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

dec 31

TO RECORD PURCHASE OF AN INTEREST

Journalize the withdrawal of Antoni if Antoni is paid $57,500 from partnership assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

DEC 31

TO record withdrawal of partner

Journalize the withdrawal of Antoni if Antoni is paid $40,100 from partnership assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

dec 31

to record withdrawal of partner