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On July 31, Sienta retires trom the partnership of Sienta, Bret, and Tom. The partner capital balances are Sierra, S4,000, Brat 550.000; and Tom. $20.000.

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On July 31, Sienta retires trom the partnership of Sienta, Bret, and Tom. The partner capital balances are Sierra, S4,000, Brat 550.000; and Tom. $20.000. The prote-and foss-sharing ratio has been 532 for Sierra, Bret, and Tom, Requirements 1. Journalize the withdrawal of Sienta assuming she receives $75,000 cash 2. Journalize the withdrawal of Sierra assuming she receives $25,000 cash Requirement 1. Journalize the withdrawal of Sierra assuming she receives $75,000 cash (Record debits first, then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Deba Crede Jul 31 Choose from any list or enter any number in the nuts and then cho Checker Fal Check part

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