Partnership Dissolution (8303)

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1 December 31, 2020 Statement of Financial Position

Asset
Cash ₱ 5,000,000.00
Ncash ₱ 15,000,000.00

2 January 1, 2021 Ellen is admitted to the new partnership purchasing 20% capital interest of Carla in the amount of 1

₱ 1,000,000.00
Total Liabilities ₱ 10,000,000.00
Carla ₱ 5,000,000.00
Ara ₱ 3,000,000.00
Ren ₱ 2,000,000.00
f Carla in the amount of 1200000

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