CASE 1.

A.
A B C
S - - 8729 8729
I - - -
B - - - -
B 19203 25022 13966 58191
19203 25022 22695 66920

B.
Net Income 66920
Income Summary 66920

Income Summary 66920

A, Capital 19203
B, Capital 25022
C, Capital 22695

C.
ABC Partnership
Statement of Partnership's Equity
For the Year Ended December 21, 20XX

A B C TOTAL
Capital, Beg. 90000 110000 50000 250000
Add: Additional Capital - - - -
Share in Net Income 19203 25022 22695 66920
Less: Drawing - - - -
Capital, End 109203 135022 72695 316920

CASE 2
A.
X Y Z
S 60000 48000 36000 144,000
I 13000 15000 24250 52250
B - - - -
B 5783.33 5783.33 5783.33 17350
78783.33 68783.33 66033.33 178900

B.
Net Income 178900
Income Summary 178900
Income Summary 178900
X, Capital 78783.33
Y, Capital 68783.33
Z, Capital 66033.33

C.
XYZ Partnership
Statement of Partnership's Equity
For the Year Ended December 21, 20XX

X Y Z TOTAL
Capital, Beg. 100000 150000 225000 475000
Add: Additional Capital 60000 - - 60000
Share in Net Income 78783.33 68783.33 66033.33 213600
Less: Drawing - - 70000 (70000)
Capital, End 238783.33 218783.3 221033.3 678600

CASE 3
1-a
Edgar Paz Emy Romy Total
Edgar 3/10 * .75 …............ 22.50% 22.50%
Paz 4/10 * 75 …............ 30% 30%
Emy 3/10 * .75 …............ 22.50% 22.50%
Romy 25% …............ …............ …............ …............ 25% 25%
100%

1-b
Edgar Paz Emy Romy Total
Edgar 30% …............ 30.00% 30.00%
Paz 60% * 40% …............ 24% 24%
Emy 30% …............ 30.00% 30.00%
Romy 40% * 40% …............ …............ …............ …............ 16% 16%
100%
1-c
Edgar Paz Emy Romy Total
Edgar 30% …............ 30.00% 30.00%
Paz 0 * 40% …............ 0% 0%
Emy 30% …............ 30.00% 30.00%
Romy 1 * 40% …............ …............ …............ …............ 40% 40%
100%

1-d
Edgar Paz Emy Romy Total
Edgar 30% * 65% …............ 19.50% 19.50%
Paz 40% * 65% …............ 26% 26%
Emy 30% * 65% …............ 19.50% 19.50%
Romy 35% …............ …............ …............ …............ 35% 35%
100%

1-e
Edgar Paz Emy Romy Total
Edgar 30% * 80% …............ 24.00% 24.00%
Paz 40% * 80% …............ 32% 32%
Emy 30% * 80% …............ 24.00% 24.00%
Romy 20% …............ …............ …............ …............ 20% 20%
100%
2-a
Merchandise Inventory 450,000 Romy, Capital
Romy, Capital 450,000 Edgar, Capital

2-b
Paz, Capital 200,000
Romy, Capital 200,000

2-c
Emy, Capital 300,000
Romy, Capital 300,000

2-d
Cash 500,000
 Romy, Capita; 500,000

2-e
Equipment 350,000
Romy, Capital 350,000
Romy, Capital 12500
Edgar, Capital 6250
Paz, Capital 25000
Emy, Capital 93750