Question: ?Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5 : 4 : 1 ?ratio ( in percents: Hunter,

?Hunter, Folgers, and Tulip have been partners while sharing net income

?Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:4:1 ?ratio (in percents: Hunter, 50%; Folgers, 40%; and Tulip, 10%). ?On January 31, ?the date Tulip retires from the partnership, the equities of the partners are Hunter, $360,000; Folgers, $252,000; and Tulip, $180,000.
Prepare journal entries to record the retirement of Tulip under the following independent assumptions.
Assume Tulip is paid $180,000, ?$200,000, ?$150,000 ?for her equity using partnership cash.
Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar.
Please correct values that are in red!!!
and loss in a 5:4:1 ?ratio (in percents: Hunter, 50%; Folgers, 40%;

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