[The following information applies to the questions displayed below.) 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 Jack, Capital Spade, Capital $151,300 200,400 121,000 The partners allocate partnership income and loss in the ratio 20:30:50, respectively Required: Record Spade's withdrawal under each of the following independent situations es b. Jack acquired Spade's capital interest for $152,000 in a personal transaction Partnership assets were not revalued, and partnership goodwill applicable to the entire business was recognized by the partnership of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet B Record the recognition of goodwill and the allocation to the partners, Note: Enter debits before credits Debit Credit Event General Journal 9 retire. The partnership balance sheet reported the following capital balances for each partner at December 31, 20X5 Ace, Capital Jack, Capital Spade, Capital $151,300 200,400 121,000 Part 2 of 7 5 points The partners allocate partnership income and loss in the ratio 20:30:50, respectively Required: Record Spade's withdrawal under each of the following independent situations, . b. Jack acquired Spade's capital interest for $152,000 in a personal transaction. Partnership assets were not revalued, and partnership goodwill applicable to the entire business was recognized by the partnership of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction tist rences Journal entry worksheet Record the transfer of capital Enter dette er en General Journal Deble Credit 2 Recond any Chery View general Required information [The following information applies to the questions displayed below) The partnership of Ace, Jack, and Spade has been in business for 25 years. On December 31, 2005, Spade decided to retire. The partnership balance sheet reported the following capital balances for each partner at December 31, 20x5: Ace, Capital Jack, Capital Spade, Capital $151,300 200,400 121,000 The partners allocate partnership income and loss in the ratio 20:30:50, respectively. Required: Record Spade's withdrawal under each of the following independent situations. c. Spade received $182,000 of partnership cash upon retirement Capital of the partnership after Spade's retirement was $290,700. (1f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the payment of the bonus to Spade upon his retirement. Notel Enter debits before credits Debit Credit Event General Journal 1 Dacotty Chaar entry 11 0 Part 4 of 7 Required information [The following information applies to the questions displayed below) 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 5 points Ace, Capital Jack, Capital Spade, Capital $151,300 200,400 121,000 Book The partners allocate partnership income and loss in the ratio 20 30:50, respectively. Required: Record Spade's withdrawal under each of the following independent situations. Print References d. Spade received $60,100 of cash and partnership land with a far value of $120,300. The carrying amount of the land on the partnership books was $100,400. Capital of the partnership after Spade's retirement was $312.200. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet General Journal Deb Credit No Event 1 Land Ace Capital Jack Capital Spade, Capital 5 2 Ace Capital Jack, Capital Spade, Capital Land