Ayobude Partnership

Cash Distribution Plan

Vulnerability rank

Equity Profit & loss ratio Loss absorption Vulnerability rank

Andi 750,000 0.4 1,875,000 2
Budi 750,000 0.3 2,500,000 3
Cahyo 250,000 0.2 1,250,000 1
Dedi 275,000 0.1 2,750,000 4
Schedule of assumed loss absorption

Andi (40%) Budi (30%) Cahyo (20%)

Equities 750,000 750,000 250,000
Loss to absorb Cahyo (500,000) (375,000) (250,000)
250,000 375,000 0
Loss to absorb Andi (250,000) (187,500)
0 187,500
Loss to absorb Budi (187,500)
0
 Cash Distribution Plan

Dedi (10%) Total Priority Creditors

275,000 2,025,000 First, 250,000 100%
(125,000) (1,250,000) Second, 25,000
150,000 775,000 Third, 250,000
(62,500) (500,000) Fourth, 500,000
87,500 275,000 Remainder
(62,500) (250,000)
25,000 25,000
 Ayobude Statement of Partnership Liquidation for the period July

Cash
Andi Cap Budi Cap Cahyo Cap Dedi Cap Bal July 1,2019 500,000
Sale of inventory 250,000
100% Predistribution bal 750,000
75% 25% July 31,2019
50% 37.5% 12.5% July distribution
40% 30% 20% 10% Creditors (250,000)
Partners (500,000)
Bal August 1, 2019 0
rtnership Liquidation for the period July 1, 2019 to August 1,2019

Noncash Assets Priority Liability Andi (40%) Budi (30%) Cahyo (20%) Dedi (10%)
1,775,000 250,000 750,000 750,000 250,000 275,000
(500,000) (100,000) (75,000) (50,000) (25,000)
1,275,000 250,000 650,000 675,000 200,000 250,000

(250,000)
(112,500) (271,875) (115,625)
1,275,000 0 537,500 403,125 200,000 134,375
Andi, Budi, Cahyo and Dedi Schedule of Safe Payments July 31, 2019

Possible losses Andi Cap Budi Cap and loan Cahyo Cap
Partner's equities July 31, 2019 650,000 675,000 200,000
Possible loss on noncash assets 1,275,000 (510,000) (382,500) (255,000)
140,000 292,500 (55,000)
Possible loss from Cahyo (27,500) (20,625) 55,000
Balance allocated 50:37.5:12.5
112,500 271,875 0
Dedi Cap Besar uang tunai yang akan diperoleh partner di bulan Juli 2019 sebesar 500,000
250,000 Dengan rincian
(127,500) Andi = 112,500,000
122,500 Budi = 271,875,000
(6,875) Cahyo = 0
Dedi = 115,625,000
115,625
sebesar 500,000
 1. A previously unrecorded utility bill for 1,400 is received
Estate Equity 1,400
Utilities Payable-New 1,400
2. Intangible assets are deemed worthless and are written off
Estate Equity 14,000
Intangible Assets 14,000
3. All inventory items are sold for 100,000 of which 70,000 is in cash and 30,000 is on account
Cash 70,000
Accounts Receivable 30,000
Inventory 90,000
Estate Equity 10,000
4. The equipment is sold for 40,000
Cash 40,000
Estate Equity 10,000
Equipment 50,000
5. Wages and property tax es owed on june 1 (priotity liability) are paid
Wages Payable 20,000
Property tax payable 10,000
Cash 30,000
6. land is sold for 100,000
Cash 100,000
Estate Equity 10,000
Land 110,000
7. Mortgage payable and related interest are paid
Mortgage payable 100,000
Interest payable 10,000
Cash 110,000
8. Insurances policies (included in prepaid expense) are canceled, and a 2,000 cash refund is received
Cash 2,000
Prepaid expense 2,000
9. Accounts receivable of 60,000 are collected from the amounts owed to Reinny Corp at June 1
Cash 60,000
Accounts receivable 60,000
10. The 60,000 received on account is applied to the bank note payable and related interest
Note payable-bank 50,000
Interest Payable 4,000
Cash 54,000
11. Estate administration expenses of 10,000 are paid
Estate Equity 10,000
Cash 10,000
12. Trustee fees of 6,000 are accrued
Estate Equity 6,000
Trustee's fee payable 6,000
 RENNY CORPORATION IN TRUSTEESHIP STATEMENT OF CASH RECEIPTS
AND DISURSEMENTS FROM JUNE 1 TO JUNE 30, 2018

Cash balance, June 1 2018

Add : Cash receipts
Sale of inventory items 70,000
0 is on account Sale of equipment 40,000
Sale of land 100,000
Refund from insurance policy 2,000
Collection of receivable 60,000
Total cash receipts

Deduct : Cash disbursements

Wages payable 20,000
Property taxes payable 10,000
Mortagage payable and interest 110,000
Bank note payable and interest 54,000
Administrative expense 10,000
Total Cash disbursements
Cash balance, June 30 2018

cash refund is received

nny Corp at June 1

ated interest
MENT OF CASH RECEIPTS
O JUNE 30, 2018

10,000

272,000
282,000

204,000
78,000
1. Penjualan Cicilan
Installment contracts receivable, 2018 100,000
Installment sales 100,000

2. Penerimaan kas
Cash 137,000
Installment contracts receivable, 2018 84,000
Installment contracts receivable, 2017 44,000
Installment contracts receivable, 2016 9,000

3. Realisasi laba kotor

Deffered gross profit, 2018 31,920
Deffered gross profit, 2017 17,600
Deffered gross profit, 2016 4,050
Realized gross profit 53,570

4. Penyesuaian dan penutupan per 31 Desember 2018

Cost of installment sales 62,000
Shipment of installment sales 62,000

5. Menutup akun
Installment sales 100,000
Cost of installment sales 62,000
Deffered gross profit, 2018 38,000
 Saldo per 1 Jan 2018 Saldo per 31 Des 2018
Installment contracts receivable, 2016 10,000 1,000
Installment contracts receivable, 2017 48,000 4,000
Installment contracts receivable, 2018 100,000 16,000

Perhitungan Deffered gross profit, 2018

Deffered gross profit, 2018 = Installment sales - Cost of instalment sales
= 100,000 - 62,000
= 38,000

Perhitungan realisasi gross profit

Deffered gross profit, 2016 = 9,000 X 4,500
10,000
= 4,050

Deffered gross profit, 2018 = 44,000 X 19,200

48,000
= 17,600

Deffered gross profit, 2018 = 84,000 X 38,000

100,000
= 31,920
Pelunasan selama 2018
9,000
44,000
84,000