Andy Heel has decided to retire from the partnership of Heel, Hanning, and Paull LLP on May 31, 2015. The partners have shared income equally. After the assets of the partnership have been adjusted to current market values, the capital balances of Heel, Hanning, and Paull, LLP, are as follows:

Andy Heel, Capital ...........................$307,800

Jeff Hanning, Capital ......................... 429,788

Les Paull, Capital .............................. 386,500

Provide the journal entry for Heel's departure under the following independent situations:

a. Hanning agrees to pay Heel $62,000 for a 20% right to his partnership share and Paull agrees to pay Heel $248,000 for an 80% right to his partnership share.

b. Paull agrees to pay Heel $300,000 for full rights to his partnership share.