Spring withdrew from the Spring, Tipper, Lotus Partnership.

Spring was paid $100,000 even though his capital balance was only $92,200.

The three partners shared net income and losses equally.

The journal entry to record the transaction would include a:

		debit to Lotus for $2600
		debit to Tipper for $3900
		credit to Spring for $92,200.
		credit to cash for $92,200