Professional Documents
Culture Documents
2
Actual
Contributions Bonus Method
A 600,000.00 440,000.00 160,000.00 Cash
B 500,000.00 660,000.00 160,000.00 Inventory
Total 1,100,000.00 1,100,000.00
Cash
Accounts Receivable
Inventory
Equipment
Partnership book: A
Cash 500,000.00
50,000.00 Accounts Receivable 700,000.00
Inventory 20,000.00 Inventories
Building 60,000.00 Equipment
Furnitures and Fixtures 40,000.00 Mortgage Payable
Mortgage Payable 10,000.00 Net Contributions 1,200,000.00
A, Capital 60,000.00 Equal Interest 1,200,000.00
B, Capital 100,000.00 (3.6M/3)
Cash receipt/payment -
600,000.00
Inventory 500,000.00
A, Capital 440,000.00
B, Capital 660,000.00
800,000.00
Accounts Receivable 700,000.00
Inventory 900,000.00
Equipment 2,000,000.00
Mortgage Payable 800,000.00
A, Capital 1,200,000.00
B, Capital 1,200,000.00
C, Capital 1,200,000.00
B C Partnership
200,000.00 100,000.00 800,000.00
700,000.00
900,000.00 900,000.00
2,000,000.00 2,000,000.00
- 800,000.00 - 800,000.00
1,400,000.00 1,000,000.00 3,600,000.00
1,200,000.00 1,200,000.00 3,600,000.00
200,000.00 - 200,000.00