KIE, LARA MAE O.

II-13 BSA

MR. SUN BOOK

Cash 400,000
Mr. Sun, Capital 400,000

Accounts Receivable 250,000

Mr. Sun, Capital 250,000

Mr. Sun, Capital 50,000

Accounts Receivable 50,000

MS. MOON BOOK

Land 1,000,000
Mortgage Payable 250,000
Ms. Moon, Capital 750,000

Ms. Moon, Capital 30,000

5 PO
Accumulated Depreciation- Equipment 30,000

Equipment 150,000
Ms. Moon, Capital 150,000

PARTNERSHIP BOOKS

Cash 400,000
Accounts Receivable 200,000
Land 750,000
Equipment 150,000
Mr. Sun,Capital 600,000
Ms. Moon,Capital 900,000

Mr. Sun, Capital 150,000

Ms. Moon, Capital 150,000
to record bonus to Mr. Sun
 MR.SUN MS. MOON PARTNERSHIP
Cash 400,000 400,000
Accounts Receivable 200,000 200,000
Land 750,000 750,000
Equpment 150,000 150,000
TOTAL ₱ 600,000.00 ₱ 900,000.00 ₱ 1,500,000.00

MR. SUN MS. MOON TOTAL

Agreed Capital (50%) 750,000 750,000 1,500,000
Actual Contribution 600,000 900,000 1,500,000
Bonus ₱ 150,000.00 -₱ 150,000.00 ₱ -

5 POINTS