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On March 31, Suzie retires from the partnership of Suzie, Blake, and Trent The partner capital balances are Suzie, $42,000; Blake $46,000; and Trent, $19,000.

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On March 31, Suzie retires from the partnership of Suzie, Blake, and Trent The partner capital balances are Suzie, $42,000; Blake $46,000; and Trent, $19,000. The profit-and-loss-sharing ratio has been 5:3.2 for Surve, Blake, and Trent, respectively. Requirements 1. Journalize the withdrawal of Suzie assuming she receives $50,000 cash. 2. Journalize the withdrawal of Suzie assuming she receives $20,000 cash. Requirement 1. Journalize the withdrawal of Suzie assuming she receives $50,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

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