QS 12-8 Partner withdrawal LO P4 Lopez, Cruz, and Perez are partners and share net income and loss in a 6:41 ratio. On December 31, Perez withdraws from the partnership when the equities of the partners are: Lopez, $4.900: Cruz, $3,700; and Perez, $3,100. Prepare journal entries to record Perez's withdrawal under each of the following separate situations: Perez is paid for her equity using partnership cash of 53,100; (2) $4,450; and (3) $1,650. View transaction list Journal entry worksheet Record the retirement of Perez assuming that she is paid $4,450 for her equity Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Record entry Clear entry View general journal QS 12-8 Partner withdrawal LO P4 Lopez, Cruz, and Perez are partners and share net income and loss in a 6:4:1 ratio. On December 31, Perez withdraws from the partnership when the equities of the partners are: Lopez, $4.900: Cruz. $3.700; and Perez, $3,100. Prepare journal entries to record Perez's withdrawal under each of the following separate situations: Perez is paid for her equity using partnership cash of (1) $3,100; (2) $4,450, and (3) $1,650. View transaction list Journal entry worksheet