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

Ace, Capital $150,000

Jack, Capital 200,000

Spade, Capital 120,000

The partners allocate partnership income and loss in the ratio 20:30:50.

Required

Record Spades withdrawal under each of the following independent situations.

Jack acquired Spades capital interest for $150,000 in a personal transaction.

Spade received $180,000 in cash from the partnership upon retirement. The bonus method is used. How much is partnership capital after Spades retirement?

Spade received $60,000 of cash and partnership land with a fair value of $120,000. The carrying amount of the land on the partnership books was $100,000. The bonus method is used. How much is partnership capital after retirement?

Spade received $150,000 of partnership cash upon retirement. The partnership recorded the portion of the goodwill attributable to Spade.

Assume the same facts as in part d. except that partnership goodwill attributable to all the partners was recorded.

Spade received $110,000 of partnership cash upon retirement. The bonus method is used.