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    ANDI TE'A MARI SIMBALA
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    1. The document shows cash balances for partners A, B and C of $5,600, $11,200 and $5,600 respectively. 2. It provides capital account balances for partners A, B and C before and after transactions, with partner C's balance increasing from -$30,000 to $20,000. 3. Personal asset and liability balances are given for partners Able, Baker and Chapman, with their resulting capital account balances being $55,000, -$2,000 and $58,000 respectively. 4. Capital and drawing balances are given for partners A, B and C, with their final balances being $280,000, $40,000 and $

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    1. The document shows cash balances for partners A, B and C of $5,600, $11,200 and $5,600 respectively. 2. It provides capital account balances for partners A, B and C before and after transactions, with partner C's balance increasing from -$30,000 to $20,000. 3. Personal asset and liability balances are given for partners Able, Baker and Chapman, with their resulting capital account balances being $55,000, -$2,000 and $58,000 respectively. 4. Capital and drawing balances are given for partners A, B and C, with their final balances being $280,000, $40,000 and $

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    19 views3 pages

    4 3

    Uploaded by

    ANDI TE'A MARI SIMBALA
    1. The document shows cash balances for partners A, B and C of $5,600, $11,200 and $5,600 respectively. 2. It provides capital account balances for partners A, B and C before and after transactions, with partner C's balance increasing from -$30,000 to $20,000. 3. Personal asset and liability balances are given for partners Able, Baker and Chapman, with their resulting capital account balances being $55,000, -$2,000 and $58,000 respectively. 4. Capital and drawing balances are given for partners A, B and C, with their final balances being $280,000, $40,000 and $

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 3

    4.

    3
    1
    A B C
    40% 40% 20%
    Cash
    28,000 11200 11200 5600

    2 Capital
    Cash AP AA BB CC
    Balance 50,000 120,000 90,000 -60,000 -100,000
    Additional Investment 70,000
    Balance 50,000 120,000 90,000 -60,000 -30,000
    Payment to Creditors -50,000 -120,000 -70,000
    0 0 20,000 -60,000 -30,000

    3
    Able Baker Chapman
    Personal Assets 30,000 80,000 60,000
    Less: Personal Liabilities 25,000 50,000 72,000
    Balance 5,000 30,000 -12,000
    Capital Balances 50,000 -32,000 70,000
    balance 55,000 -2,000 58,000

    4
    A B C
    Capital 100,000 80,000 300,000
    Drawing 60,000 40,000 20,000
    Balance 40,000 40,000 280,000
    Payment to Creditors 0 40,000 44,000
    236,000

    5 322,800
    A B C 322,800
    0.3 0.2 0.5
    50,000 15,000 10000 25000
    5 3 2
    6 Capital
    Cash Non Cash Liab to C Liab A B C
    Balance 25,200 297,600 38,400 184,800 72,000 -12,000 39,600
    Realization - Distribution 216,000 -240,000 0 0 -12,000 -7,200 -4,800
    Balance 241,200 57,600 38,400 184,800 60,000 -19,200 34,800
    Expenses -16,800 0 0 0 -8,400 -5,040 -3,360
    Balance 224,400 57,600 38,400 184,800 51,600 -24,240 31,440
    Payment of Liabilities -184,800 -184,800
    Balance 39,600 57,600 38,400 0 51,600 -24,240 31,440
    Payment of Liab to C -38,400 38,400
    Balance 39,600 57,600 0 0 51,600 -24,240 69,840
    Absoption of Loss -14,544 24,240 -9,696
    Balance 39,600 57,600 0 0 37,056 0 60,144
    Payment to Partners -39,600 -28,286 -11,314
    Balance 0 57,600 0 0 8,770 0 48,830
    Non Cash Distribution -57,600 -8,770 -48,830
    Balance 0 0 0 0 0 0 0

    7 50% 30% 10% 10%


    BEE CEE DEE GEE
    Capital 60,000 40,000 30,000 10,000
    Computer -15,000
    Balance 45,000 40,000 30,000 10,000
    30,000 15000 9000 3000 3000

    8 60% 40%
    Cash ReceivableInventory Other AP A,Loan A B
    Balance 18,000 75,000 90,000 84,000 42,000 24,000 102,000 99,000
    Collection of Inv 25,000 -75,000 -30,000 -20,000
    Balance 43,000 0 90,000 84,000 42,000 24,000 72,000 79,000
    RealizationDistribution 76,500 -90,000 -8,100 -5,400
    Balance 119,500 0 0 84,000 42,000 24,000 63,900 73,600
    RealizationDistribution 36,000 -84,000 -28,800 -19,200
    Balance 155,500 0 0 0 42,000 24,000 35,100 54,400
    Payment to creditor -42,000 -42,000
    Balance 113,500 0 0 0 0 24,000 35,100 54,400
    Offset of A, Loan -24,000 24,000
    Balance 113,500 0 0 0 0 0 59,100 54,400
    Cash Distribution -113,500 -59,100 -54,400
    Balance 0 0 0 0 0 0 0 0
    1 5600
    2 20000
    3 58000
    4 236000
    5 15000
    6 11314
    7 9000
    8 54400

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