Barth, Holt, and Tran have been partners of a ski, snowboard, and mountain bike shop in Whistler, BC, called Storm. Based on the partnership agreement, they share profit and losses in a 6:2:2 ratio. On November 30, the date Tran retires from the partnership, the equities of the partners are Barth, $317,000; Holt, $212,000; and Tran, $92,000.

Present general journal entries to record Tran’s retirement under each of the following unrelated assumptions:

a. Tran is paid $92,000 in partnership cash for his equity.

b. Tran is paid $124,000 in partnership cash for his equity.

c. Tran is paid $76,000 in partnership cash for his equity.