QS 12-11 (Algo) Partner withdrawal LO P4 Lopez Cruz, and Perez are partners and share net income and loss in a 6:4:1 ratio in ratio form: Lopez, 6/11: Cruz, 4/11 and Perez, 1/11). On December 31, Perez withdraws from the partnership when the equities of the partners are: Lopez $3,700; Cruz $2,500; and Perez, $1900. Prepare journal entries to record Perez's withdrawal under each separate situation: Perez is paid for her equity using partnership cash of (1) $1,900.(2) $2,650; and (3) $1,050. View transaction fiat Journal entry worksheet Record the retirement of Perez assuming that she is paid $1,050 for her equity. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal