Jen diana and josie

20,000 diana
20,000 josie
Jen and Ding
The land has a quoted price of P360,000
Jen joined
20,000
4,000
400,000
-16,000
408,000
largest capital account balance
Jen 200,000
Dina 320,000 144,000 176,000
Josie 220,000

Therefore, Josie have the largest capital account balance of 220,000

partnership capital of JDJ part
Jen 200,000
Dina 320,000 140,000 180,000
Josie 220,000
600,000
Capital Balance for Buen

64,000 48,000 16,000

24,000 32,000 16,000 40,000
88,000 80,000 32000 40,000

80,000 (88-80+32+40 = 80)

Josh total profit
Janno Dina Josh Total
Salary allowance 20,000.00 - 24,000 44,000

Bonus 10% 220,000 22,000 22,000

10% interest
Janno 180,000 10% 18,000
Dina 220,000 10% 22,000
Josh 200,000 10% 20,000 60,000

220,000
44,000
22,000
60,000
94,000

Janno 40% 37600

Dina 40% 37600
Josh 20% 18800 94000
75,600.00 59,600.00 74,800 220,000
division of 180k Operating inc
Ding Janno Total
180,000
Ding 60% 108000
Janno 40% 72000 180000

Salary allowancec 110,000 90,000 200,000

218000 162000

53,180 62,060 60,760

Jen and Ding are partners who share profits equally and losses in a 2:1 ratio. If they have beginning capital balances

Jen Ding
Capital Bal. 120,000 118,000

Loss (48,000) -32,000 -16,000

Total 88,000 102,000
beginning capital balances of P120,000 and P118,000
Adjustments of janno and josh

Janno*
Cash 11,000
Accounts Receivable 234,536
Inventories 114,535
Land 603,000
Furniture and Fixtures 50,345
Allowance for Uncollectible Accounts 20,000
Accounts Payable 178,940
Notes Payable 200,000
Janno, Capital 614,476

Josh*
Cash 22,354
Accounts Receivable 567,890
Inventories 253,402
Building 428,267
Furniture and Fixtures 34,789
Allowance for Uncollectible Accounts 35,000
Accounts Payable 243,650
Notes Payable 345,000
Josh, Capital 683,052
20% interest on the firm

614,476 683,052 0.8

1,297,528 1,621,910 multiply by 20%
20%

324,382
40;40;20

Janno Josh Total

Adjusted Cap. Bal 614,476 683,052 1,297,528
New Cap. Bal 648,764 648,764 1,297,528
34,288 34,288

Total Capital 1,297,528

Divided by 80%
New partnership cap. 1,621,910
Multiplied by 40% 40:40:20
648,764
Asset of janno and josh

Janno 1,020,916 20,000 5,500 2,000 993,416

Josh 1,317,002 35,000 6,700 3,600 1,271,702
Total 2,337,918 55,000 12,200 5,600 2,265,118
 Beginning Capital
Beginning Capital 120,000 118,000 238,000
Loss 48,000
Jen 24201.68 24,202
Ding 23798.32 23,798
Josh received 0
Total Loss to Janno is 30,000
Total of cash reeived of 50,000