On July 31, Suzie retires from the partnership of Suzie, Brandon, and Trent. The partner capital balances are Suzie, $50,000; Brandon $55,000; and Trent, $18,000. The profit-and-loss-sharing ratio has been 5:3:2 for Suzie, Brandon, and Trent, respectively. Requirements 1. Journalize the withdrawal of Suzie assuming she receives $70,000 cash. 2. Journalize the withdrawal of Suzie assuming she receives $38,000 cash. Requirement 1. Journalize the withdrawal of Suzie assuming she receives $70,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Jul. 31 Accounts and Explanation Debit Credit