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Lopez, Cruz, and Petez are parthers and share net income and loss in a 7/3.1...

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Accounting

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Lopez, Cruz, and Petez are parthers and share net income and loss in a 7/3.1 ratio fin ratio form Lopez, 7/t; Cruz, 3/7; and Perez, vin On December 31, Perez withdraws from the partnership when the equities of the partners are Lopez, $4,800;; Cruz, $3,600, and Perez. $3,000. Prepseje journal entries to record Perez's withdrawal under each separate situation. Perez is pald for her equity using partnership cash of (1) $3,000; (2) $4,300; and (3) $1,600. Journal entry worksheet equaty

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