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

Partner		Capital Balance				Profit and Loss Ratio
H. Fercho			$144,000			60%
P. Jiang			$59,300			30%
R. Antoni			$48,000			10%

Antoni is withdrawing from the partnership.

Journalize the withdrawal of Antoni if using personal funds, Jiang agrees to purchase Antonis ownership interest for $56,700 cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	P. Jiang, DrawingsIncome SummaryCashR. Antoni, CapitalP. Jiang Capital
	CashP. Jiang, DrawingsR. Antoni, CapitalIncome SummaryP. Jiang Capital
	(To record purchase of an interest.)

Journalize the withdrawal of Antoni if Antoni is paid $56,700 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.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	CashH. Fercho, CapitalP. Jiang, CapitalR. Antoni, CapitalIncome Summary
	H. Fercho, CapitalR. Antoni, CapitalCashP. Jiang, CapitalIncome Summary
	P. Jiang, CapitalR. Antoni, CapitalCashIncome SummaryH. Fercho, Capital
	Income SummaryR. Antoni, CapitalCashH. Fercho, CapitalP. Jiang, Capital
	(To record withdrawal of partner.)

Journalize the withdrawal of Antoni if Antoni is paid $36,600 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.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	CashIncome SummaryP. Jiang, CapitalR. Antoni, CapitalH. Fercho, Capital
	R. Antoni, CapitalP. Jiang, CapitalIncome SummaryH. Fercho, CapitalCash
	R. Antoni, CapitalH. Fercho, CapitalP. Jiang, CapitalCashIncome Summary
	Income SummaryCashP. Jiang, CapitalR. Antoni, CapitalH. Fercho, Capital
	(To record withdrawal of partner.)