Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5-23 ratio (in percents: Hunter, 50%: Folgers, 20%; and Tulip. 30%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $340,000 Folgers, $238,000, and Tulip. $170,000 Prepare Journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $170,000, $190,000, $140,000 for her equity using partnership cash. (Do not found intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list cos Journal entry worksheet > Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $190,000 Note: Enter debits before credits Credit Transaction (b) Debit 170,000 General Journal Tulip, Capital Hunter, Capital Folgers, Capital Cash 190.000 20%; and Tulip, 30%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $340,000 Folgers, $238,000; and Tulip, $170,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $170,000, $190,000 $140,000 for her equity using partnership cash (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet