17.

) d
CC AC
Siony 200,000.00 214,062.50
Tony 100,000.00 104,687.50
Romy 125,000.00 106,250.00
Total 425,000.00 425,000.00

18.) d
Old P/L
Barbie 0.50 80%*50%
Kim 0.30 80%*30%
Kathryn 0.20 80%*20%
Marian

19.) e
Unadjusted net income 25,000.00
Accrued expenses 1,200.00
Inventory - 3,100.00
Purchases - 2,000.00
Unearned income - 1,500.00
Supplies 900.00
Adjusted net income 20,500.00
Multiply: Barbie P/L 0.40
Barbie, share in profit 8,200.00

14.) d
Rob Bob
Capital 84,000.00 78,000.00
Loan from 18,000.00
Asset revaluation (72,000) 21,600.00 14,400.00
Total 123,600.00 92,400.00

Settlement 150,000.00
Rob, adjusted capital - 123,600.00
Bonus 26,400.00

Bob, Capital 92,400.00

Share in bonus (26.4K*2/7) - 7,542.86
Bon, capital after Rob 84,857.14

1.) b
Amount paid 150,000.00
Divide: Interest purchased 1/3
Agreed capital 450,000.00
Less: Contributed capital 360,000.00
Asset revaluation 90,000.00
 Jay Sheryl
Capital balance before revaluation 180,000.00 180,000.00
Add: Share in revaluation 54,000.00 36,000.00
Capital balance after revaluation 234,000.00 216,000.00
Multiply: Interest purchased 1/3 1/3
Capital transferred to Ailyn 78,000.00 72,000.00

Capital balance after revaluation 234,000.00 216,000.00

Less: Capital balance transferred 78,000.00 72,000.00
Capital after admission 156,000.00 144,000.00

15.)

P/L Capital
Alveo 1/2 139,000.00
Bueno 1/3 208,800.00
Creno 1/6 96,000.00
Deo

Old P/L New P/L

Alveo 1/2 0.50
Bueno 1/3 0.23
Creno 1/6 0.12
Deo 0.20

Bueno Creno
Old P/L 0.33 0.17
Multiply
New P/L 0.20 0.10
Multiply: Capital 88,760.00 44,380.00
Bonus
14,062.50
4,687.50
- 18,750.00

New P/L
0.40
0.24
0.16
0.20

Lob Total
16,000.00

36,000.00
52,000.00
Total
360,000.00
90,000.00
450,000.00

150,000.00

P/L Capital P/L Capital

- 1/5
- 1/5
1/5

Deo

0.20
88,760.00