1) ADAM, CAPITAL PARTICULARS

Cash 100,000 Cash

Machinery & Equipment 250,000 Machinery & Equipment
Land & building (400,000 +700,000) 1,100,000 Land & building (400,000 +700,000)
Total Adam, Capital 1,450,000 Adam, Capital

2)
Transpotation Equipment- Van 300,000 Transpotation Equipment- Van
Chattel Mortgage Payable -50,000 Chattel Mortgage Payable
Marie, Capital 250,000 Marie, Capital
3) Allan Mark
Cash
Machineries & Equipment 120,000
Furniture & Fixtures 55,000
Total Contribution 120000 55000

Allan, Capital 120,000

Mark, Capital 55,000
Total Capital of Allan & Mark 175,000
Divide by 70% interest 0.7
Total Contribution 250000
Multiply by: Ernesto's Share 0.3
Cash Invested by Ernesto 75,000

4)
Krisha, Capital 77,000
Prepaid Expenses 10,000
Accrued Expenses -7500
Allowance for Bad Debts -1500
Total Contribution of Krisha 78,000
Divide by: 0.6
Total Contribution 130,000.00
Multiply by: Joseph's Interest 0.4
Total Contribution of Joseph 52,000.00
Less: Merchandise Inventory -30000
Cash invested by Joseph 22,000

Marian
Assets 250,000
Liabilities 75000
Capital 175,000
Accum. Depreciation -15,000
Unearned Income -10,000
Prepaid Insurance 500
Capital Credit of Marian 150,500

ISKO LENIE
Interest (Beg. Capital x 10%) 14,000 12000
Salary 72,000 60,000
Residual -22,000 -18000
Total Shares 64,000 54000

Bong Ping
Interest ( Ave.Capital x 10%) 12000 6000
Salary 30,000 20,000
Residual profit -35000 -35000
Total Shares 7,000 -9000

Net Loss -33,000

Interest -22,000
Salary -50,000
Residual profit -105,000

Ambo Kardo
Bonus 10% of Net Income 10000
Bonus 20% over 100,000 30000
Bonus 5% over 150,000 ((250000 - 40000 - 150000)) * 5% 3000
Residual 68000 68000
Total Share 108000 71000

Net Income 250000

Bonus 10% of Net Income -10000
Bonus 20% over 100,000 -30000
Bonus 5% over 150,000 ((250000 - 40000 -6000
Residual Profit 204000
Divide Equally 3
share in Residual Profit 68000

Monica Yvonne
Capital 210,000 150,000
Bonus (200,000 x.05) 10,000
Interst of(210000-200000)* 12% 1200
Salaries x 12 108000
Residual Value -3680 -1840
Total Share -2480 116160

Net Income 200,000

Interest -1200
Salaries -198,000
Bonus -10,000
Residual Value -9,200
 Joey John
Salary 90,000 90,000
Interest (Ave. Capital x.8) 6,500 2,400
Bonus= Bonus Rate x Net income 6300
Residual Value 27,050 27,050
Total 129,850 119,450
Residual Value 54,100
COMPUTATION OF AVERAGE CAPITAL - Joey

DATE
1-Mar
Jun-01
Aug-01
Dec-01

COMPUTATION OF AVERAGE CAPITAL - Joey

DATE
1-Mar
Jun-01
Aug-01

Bonus 249300
Less: Salaries 180,000
Balance 69,300
Multiply by: Rate 10%
Amount 6930
Divide by: 1.1
Bonus 6,300
DEBIT
100,000
250,000
1,100,000

300,000

Ernesto
75,000

75000

TOTAL
 26,000
132,000
-40000
118,000

Inday
4000

-35000
-31,000

Oscar Total
10000
30000
3000 6000
68000 204000
71000 250000

Krisha Total
190,000 550000
10000
1200
90000 198000
-3680 -9200
86320 200000
 Total
180,000
8,900
6,300
54,100
249,300

APITAL - Joey
Months PESO Average
BALANCE Remaining MONTHS Capital
90000.00 3 270000.00
60000.00 2 120000.00
120000.00 4 480000.00
105000.00 1 105000.00

Total 975000.00
Divide by: 12 12.00 81,250.00

APITAL - Joey
Months PESO Average
BALANCE Remaining MONTHS Capital
60000.00 3 180000.00
30000.00 2 60000.00
24000.00 5 120000.00

Total 360000.00
Divide by: 12 12.00 30,000.00