15-10/11) The partnership of Ace, Jack, and Spade has been in business for 25 years. On December 31, 20X5, Spade decided to retire. The partnership balance sheet reported the following capital balances for each partner at December 31, 20X5:

Ace, Capital	$	151,500
Jack, Capital		200,600
Spade, Capital		121,400

The partners allocate partnership income and loss in the ratio 20:30:50, respectively. Required: Record Spades withdrawal under each of the following independent situations.

b. Jack acquired Spades capital interest for $150,600 in a personal transaction. Partnership assets were not revalued, and partnership goodwill applicable to the entire business was recognized by the partnership. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

c. Spade received $181,400 of partnership cash upon retirement. Capital of the partnership after Spades retirement was $292,100. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)