N. Essex, C. Gilmore, and C. Heganbart have capital balances of $50,000, $40,000, and $30,000, respectively. Their income ratios are 5:3:2. Heganbart withdraws from the partnership under each of the following independent conditions.
1. Essex and Gilmore agree to purchase Heganbart’s equity by paying $17,000 each from their personal assets. Each purchaser receives 50% of Heganbart’s equity.
2. Gilmore agrees to purchase all of Heganbart’s equity by paying $22,000 cash from her personal assets.
3. Essex agrees to purchase all of Heganbart’s equity by paying $26,000 cash from his personal assets.

Instructions
Journalize the withdrawal of Heganbart under each of the assumptions above.