Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:4:1 ratio. On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $370,000; Folgers, $259,000, and Tulip, $185,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. points Assume Tulip is paid $185,000, $205,000, $155,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answer to the nearest whole dollar.) eBook View transaction list Hint Journal entry worksheet Ask Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $ 205,000. Print Note: Enter debits before credits. References Credit Transaction (b) Debit 205,000 General Journal Tulip, Capital Hunter, Capital Folgers, Capital Cash Record entry Clear entry View general journal Mc Graw Hill Education