QS 12-8 Partner withdrawal LO P4 Lopez, Cruz, and Perez are partners and share net Income and loss In a 7:3:1 ratlo. On December 31, Perez withdraws from the partnership when the equitles of the partners are: Lopez, $3,400; Cruz, $2,200; and Perez, $1,600. Prepare Journal entries to record Perez's withdrawal under each of the following separate sltuations: Perez Is pald for her equity using partnershlp cash of (1) $1,600; (2) $2,200; and (3) $900 View transaction list Journal entry worksheet 1 3 Record the retirement of Perez assuming that she is paid $1,6000 for her equity. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal