Diaz

Original Contribution 330,000.00

a. Percentage of their contribution (No Agreement) 0.75
Profit 315,000.00

b. Ratio 0.75
Profit 315,000.00

c. Interest 8% 26,400.00
Remainder ratio of 2:3 153,920.00
Profit 180,320.00

d. Salary allowance 50,000.00

Divided equally 150,000.00
Profit 200,000.00

e. Allowance interest 8% 26,400.00

Salary allowances 50,000.00
Remainder divided equally 132,400.00
Profit 208,800.00
Concepcion Total
110,000.00 440,000.00
0.25
105,000.00 420,000.00

0.25
105,000.00 420,000.00

8,800.00 35,200.00
230,880.00 384,800.00 0.40
239,680.00 420,000.00 0.08
0.60
70,000.00 120,000.00
150,000.00 300,000.00
220,000.00 420,000.00

8,800.00 35,200.00
70,000.00 120,000.00
132,400.00 264,800.00
211,200.00 420,000.00
 Galang
Jan 1 to Aug 31 200,000.00
1-Sep 275,000.00

Ables
275,000.00

Ables 225,000.00
Galang 275,000.00
500,000.00

Galang 225,000/500,000*800,000 360,000.00

Ables 275,000/500,000*800,000 440,000.00
800,000.00
No of Months Total
8/12 133,333.33
4/12 91,666.67
225,000.00

800,000.00
 Beginning Investment

a. Profit

Beginning Investment

b Loss
ABAD AGLUGUB ONATE
300,000.00 250,000.00 450,000.00
0.3 0.25 0.45
81,000.00 67,500.00 121,500.00

300,000.00 250,000.00 450,000.00

0.3 0.25 0.45
(72,000.00) (60,000.00) (108,000.00)
TOTAL

270,000.00

(240,000.00)
 Castillo
Jan 1 to Sept 30
1-Oct

Orosco

Orosco
Castillo

Orosco 450,000/725,000*2,000,000
Castillo 275,000/725,000*2,000,000
 No of Months Total
300,000.00 9/12 225,000.00
200,000.00 3/12 50,000.00
275,000.00

450,000.00

450,000.00
275,000.00
725,000.00

1,241,379.31
758,620.69
2,000,000.00
2,000,000.00
 Fraction share
Beginning Capital
Drawing balances

Beginning Capital
Fraction share
Profit
Total
Less:Drawing Balances
Capital, Dec 31

Income Summary
Laguna, Drawing
Cadelina, Drawing
 Laguna Cadelina
2/5 3/5
900,000.00 1,300,000.00
300,000.00 240,000.00

Laguna Cadelina
900,000.00 1,300,000.00
2/5 3/5
260,000.00 390,000.00 650,000.00
1,160,000.00 1,690,000.00
300,000.00 240,000.00
860,000.00 1,450,000.00

Debit Credit
2,310,000.00
860,000.00
1,450,000.00
Salaries 6 months to june 30,2019
6 months to december 31, 2019
Balance to be divided

Profit sharing

6 Months to June 30, 2019

6 Months to December 30,2019
Baral Malaluan
15,000.00
25,000.00
96,000.00 64,000.00
60,000.00 60,000.00
196,000.00 124,000.00

111,000.00 64,000.00
85,000.00 60,000.00
Castro Total
15,000.00
25,000.00
160,000.00
30,000.00 150,000.00
30,000.00 350,000.00

30,000.00
 Marasigan
Cash
Marasigan, Capital

Asacta
Building
Equipment
Asacta, Capital

2019
a. share profit equally

b. partners failed to agree on a profit- sharing arrangement

c. ratio of original investments

Profit

d. Interest of 10%
divided equally

e. Salaries
divided equally
Total

f. Salaries
9% on the original investment
divided equally
Profit

2020
a. share profit equally

b. partners failed to agree on a profit- sharing arrangement

c. ratio of original investments

Profit

d. Interest of 10%
divided equally

e. Salaries
divided equally
Total

f. Salaries
9% on the original investment
divided equally
Profit
 2,400,000.00
2,400,000.00

2,200,000.00
1,400,000.00
3,600,000.00

Marasigan Asacta Total

420,000.00 420,000.00 840,000.00

2,400,000.00 3,600,000.00 6,000,000.00

0.4 0.6
336,000.00 504,000.00 840,000.00

240,000.00 360,000.00 600,000.00

120,000.00 120,000.00 240,000.00
360,000.00 480,000.00 840,000.00

400,000.00 280,000.00 680,000.00

80,000.00 80,000.00 160,000.00
480,000.00 360,000.00 840,000.00

400,000.00 280,000.00 680,000.00

216,000.00 324,000.00 540,000.00
(190,000.00) (190,000.00) (380,000.00)
426,000.00 414,000.00 840,000.00

Marasigan Acasta
200,000.00 200,000.00 400,000.00
2,400,000.00 3,600,000.00 6,000,000.00
0.4 0.6
160,000.00 240,000.00 400,000.00

240,000.00 360,000.00 600,000.00

(100,000.00) (100,000.00) (200,000.00)
140,000.00 260,000.00 400,000.00

400,000.00 280,000.00 680,000.00

(140,000.00) (140,000.00) (280,000.00)
260,000.00 140,000.00 400,000.00

400,000.00 280,000.00 680,000.00

216,000.00 324,000.00 540,000.00
(410,000.00) (410,000.00) (820,000.00)
206,000.00 194,000.00 400,000.00
a. Equal division

b. Ratio of Original Investment

ratio

c. ratio 2:1

d. Interest 10%
ratio 3:2
Total

e. Interest 10%
Salary
Remainder ratio
Total

f. Interest 10%
Salary
Bonus
Remainder
Total

a. Equal division

b. Ratio of Original Investment

 ratio

c. ratio 2:1

d. Interest 10%
ratio 3:2
Total

e. Interest 10%
Salary
Remainder ratio
Total

f. Interest 10%
Salary
Bonus
Remainder
Total
Calamba Brillantes TOTAL
750,000.00 750,000.00 1,500,000.00

200,000.00 300,000.00 500,000.00

0.4 0.6
600,000.00 900,000.00 1,500,000.00

1,000,000.00 500,000.00 1,500,000.00

20,000.00 30,000.00 50,000.00

870,000.00 580,000.00 1,450,000.00
890,000.00 610,000.00 1,500,000.00

20,000.00 30,000.00 50,000.00

340,000.00 170,000.00 510,000.00
470,000.00 470,000.00 940,000.00
830,000.00 670,000.00 1,500,000.00

20,000.00 30,000.00 50,000.00

340,000.00 170,000.00 510,000.00
198,000.00 198,000.00
371,000.00 371,000.00 742,000.00
929,000.00 571,000.00 1,500,000.00

Calamba Brillantes Total

330,000.00 330,000.00 660,000.00

200,000.00 300,000.00 500,000.00

 0.4 0.6
264,000.00 396,000.00 660,000.00

440,000.00 220,000.00 660,000.00

20,000.00 30,000.00 50,000.00

366,000.00 244,000.00 610,000.00
386,000.00 274,000.00 660,000.00

20,000.00 30,000.00 50,000.00

340,000.00 170,000.00 510,000.00
50,000.00 50,000.00 100,000.00
410,000.00 250,000.00 660,000.00

20,000.00 30,000.00 50,000.00

340,000.00 170,000.00 510,000.00
30,000.00 30,000.00
35,000.00 35,000.00 70,000.00
425,000.00 235,000.00 660,000.00
20% [1,500,000-(340,000+17
20% [1,500,000-(340,000+170,000)
a. investment
Ratio
TOTAL

b. 10% Interest
divided equally
TOTAL

c. Salary allowances
10% interest
remainder
TOTAL

a. investment
Ratio
TOTAL

b. 10% Interest
divided equally
TOTAL

c. Salary allowances
10% interest
remainder
TOTAL
TRIA RESULTA TOTAL
450,000.00 350,000.00 800,000.00
0.56 0.44
281,250.00 218,750.00 500,000.00

45,000.00 35,000.00 80,000.00

210,000.00 210,000.00 420,000.00
255,000.00 245,000.00 500,000.00

175,000.00 155,000.00 330,000.00

45,000.00 35,000.00 80,000.00
45,000.00 45,000.00 90,000.00
265,000.00 235,000.00 500,000.00

TRIA RESULTA TOTAL

450,000.00 350,000.00 800,000.00
0.56 0.44
135,000.00 105,000.00 240,000.00

45,000.00 35,000.00 80,000.00

80,000.00 80,000.00 160,000.00
125,000.00 115,000.00 240,000.00

175,000.00 155,000.00 330,000.00

45,000.00 35,000.00 80,000.00
(85,000.00) (85,000.00) (170,000.00)
135,000.00 105,000.00 240,000.00
 Average Capital Balances
Salary
10% interest
ratio of 2:5:3

Average Capital Balances

Salary
10% interest
ratio of 2:5:3

Average Capital Balances

Salary
10% interest
ratio of 2:5:3

Income Summary
Modesto, Drawing
Resultay, Drawing
Laguna, Drawing

Income Summary
Resultay, Drawing
 Modesto, Drawing
Laguna, Drawing

Resultay, Drawing
Laguna, Drawing
Income Summary
Modesto, Drawing
Modesto Resultay Laguna
300,000.00 400,000.00 200,000.00
150,000.00 150,000.00 150,000.00
30,000.00 40,000.00 20,000.00
40,000.00 100,000.00 60,000.00
220,000.00 290,000.00 230,000.00

Modesto Resultay Laguna

300,000.00 400,000.00 200,000.00
150,000.00 150,000.00 150,000.00
30,000.00 40,000.00 20,000.00
(80,000.00) (200,000.00) (120,000.00)
100,000.00 (10,000.00) 50,000.00

Modesto Resultay Laguna

300,000.00 400,000.00 200,000.00
150,000.00 150,000.00 150,000.00
30,000.00 40,000.00 20,000.00
(120,000.00) (300,000.00) (180,000.00)
60,000.00 (110,000.00) (10,000.00)

740,000.00
220,000.00
290,000.00
230,000.00

140,000.00
10,000.00
 100,000.00
50,000.00

110,000.00
10,000.00
60,000.00
60,000.00
TOTAL

450,000.00
90,000.00
200,000.00
740,000.00

TOTAL

450,000.00
90,000.00
(400,000.00)
140,000.00

TOTAL

450,000.00
90,000.00
(600,000.00)
-60,000.00
a. Salary
15% interest
ratio 4:3:2
Total

b. Salary
15% interest
ratio 4:3:2
Total

c. Salary
15% interest
ratio 4:3:2
Total

d. average capital investments

ratio of average capital 2:1:4

total
 Pasia Te Ocenar
70,000.00 70,000.00 70,000.00
30,000.00 15,000.00 60,000.00
40,000.00 30,000.00 20,000.00
140,000.00 115,000.00 150,000.00

70,000.00 70,000.00 70,000.00

30,000.00 15,000.00 60,000.00
(20,000.00) (15,000.00) (10,000.00)
80,000.00 70,000.00 120,000.00

70,000.00 70,000.00 70,000.00

30,000.00 15,000.00 60,000.00
(280,000.00) (210,000.00) (140,000.00)
(180,000.00) (125,000.00) (10,000.00)

200,000.00 100,000.00 400,000.00

57,142.86 14,285.71 228,571.43
66,666.67 16,666.67 266,666.67
 Total
210,000.00
105,000.00
90,000.00
405,000.00

210,000.00
105,000.00
(45,000.00)
270,000.00

210,000.00
105,000.00
(630,000.00)
-315,000.00

700,000.00
300,000.00
350,000.00
350,000.00
a. Salary
10% interest original capital
remaining profits or losses

b. Salary
10% interest original capital
remaining profits or losses

c. Salary
10% interest original capital
remaining profits or losses
Buenviaje Refozar Total
360,000.00 480,000.00 840,000.00
40,000.00 60,000.00 100,000.00
0.67 0.33
40,000.00 20,000.00 60,000.00
440,000.00 560,000.00 1,000,000.00

360,000.00 480,000.00 840,000.00

40,000.00 60,000.00 100,000.00
0.67 0.33
(160,000.00) (80,000.00) -240,000.00
240,000.00 460,000.00 700,000.00

360,000.00 480,000.00 840,000.00

40,000.00 60,000.00 100,000.00
0.67 0.33
(680,000.00) (340,000.00) -1,020,000.00
(280,000.00) 200,000.00 -80,000.00
Average Capital for Rialubin

Total Average Capital of Rialubin

Average Capital of Rabena

Total Average Capital of Rabena

Average Capital of Dela Cruz

Total Average Capital of Dela Cruz

1. Profit is 48,000 and is divided on the basis of Average Capital

2. Profit is 50,000

3. Loss is 35,000
Average Capital for Rialubin
1-Jan
1-Apr
1-Jul
Total Average Capital of Rialubin

Average Capital of Rabena

1-Jan
1-May
Total Average Capital of Rabena

Average Capital of Dela Cruz

1-Jan
1-Sep
Total Average Capital of Dela Cruz

Rialubin
Rabena
Dela Cruz
Total Average Capital

1. Profit is 48,000 and is divided on the basis of Average Capital

90,000/240,000*48,000
70,000/240,000*48,000
80,000/240,000*48,000
Total

2. Profit is 50,000
Bonus 50,000*10%
Beginning Balance
Balance (50,000-5,000)

3. Loss is 35,000
Beginning Capital Balances
10% interest

Loss
 80,000.00 3/12 20,000.00
100,000.00 3/12 25,000.00
90,000.00 6/12 45,000.00
90,000.00

80,000.00 4/12 26,666.67

65,000.00 8/12 43,333.33
70,000.00

90,000.00 8/12 60,000.00

60,000.00 4/12 20,000.00
80,000.00

90,000.00
70,000.00
80,000.00
240,000.00

Rialubin Rabena Dela Cruz

18,000.00
14,000.00
16,000.00
18,000.00 14,000.00 16,000.00

Rialubin Rabena Dela Cruz

5,000.00
80,000.00 80,000.00 90,000.00
14,400.00 14,400.00 16,200.00
19,400.00 14,400.00 16,200.00

80,000.00 80,000.00 90,000.00

8,000.00 8,000.00 9,000.00
(20,000.00) (20,000.00) (20,000.00)
(12,000.00) (12,000.00) (11,000.00)
 Total
18,000.00
14,000.00
16,000.00
48,000.00

Total
5,000.00
250,000.00
45,000.00
50,000.00

250,000.00
25,000.00
(60,000.00)
-35,000.00
 1 Salaries
5% Bonus
Interest 10%
Remainder 3:3:4
Total

2 Salaries
Interest 10%
Remainder
Total

3 Salaries
Bonus 20%
Interest 10%
Remainder
Profit

Ending Capital
Beginning Capital
Investments

Withdrawals
Ending Capital

Average Capital Balances

Labasan
1-Jan 300,000.00
1-May 40,000.00
1-Sep -26,666.67

Total 313,333.33
 Labasan Gabayan
150,000.00 200,000.00
37,600.00
28,000.00 40,000.00
31,800.00 31,800.00
247,400.00 271,800.00

240,000.00 210,000.00
31,333.33 36,333.33
(46,288.89) (46,288.89)
225,044.44 200,044.44

210,000.00 180,000.00

30,000.00 40,000.00
81,800.00 71,575.00
321,800.00 291,575.00

Labasan Gabayan
300,000.00 400,000.00
60,000.00 50,000.00
40,000.00
-80,000.00 -90,000.00
280,000.00 400,000.00

Gabayan
1-Jan 400,000.00
1-Jul 25,000.00
1-Sep 13,333.33
1-Mar -75,000.00
Total 363,333.33
 Villanueva Total
180,000.00 530,000.00
37,600.00
48,000.00 116,000.00
42,400.00 106,000.00
270,400.00 789,600.00

250,000.00 700,000.00
52,000.00 119,666.66
(46,288.89) (138,866.66)
255,711.11 680,800.00

150,000.00 540,000.00
64,900.00 64,900.00
50,000.00 120,000.00
51,125.00 204,500.00
316,025.00 929,400.00

Villanueva Total
500,000.00 1,200,000.00
70,000.00 180,000.00
30,000.00 70,000.00
-120,000.00 -290,000.00
480,000.00 1,160,000.00

Villanueva
1-Jan 500,000.00
1-Apr 52,500.00
1-Jun 17,500.00
1-Aug -50,000.00
Total 520,000.00
 Contributions
1. ratio 3:5:2

2. Interest 7%
Remainder 4:3:1
Profit

3. Salaries
Interest 5%
Remainder 4:3:1
Profit

4. Salaries
interest 5%
bonus 8%
Remainder 1:1:1
Profit
Alisuag Go Palatino
300,000.00 500,000.00 200,000.00
135,000.00 225,000.00 90,000.00

21,000.00 35,000.00 14,000.00

190,000.00 142,500.00 47,500.00
211,000.00 177,500.00 61,500.00

50,000.00 40,000.00 30,000.00

15,000.00 25,000.00 10,000.00
140,000.00 105,000.00 35,000.00
205,000.00 170,000.00 75,000.00

30,000.00 45,000.00 65,000.00

15,000.00 25,000.00 10,000.00
33,333.33
75,555.56 75,555.56 75,555.56
153,888.89 145,555.56 150,555.56
Total
1,000,000.00
450,000.00

70,000.00
380,000.00
450,000.00

120,000.00
50,000.00
280,000.00
450,000.00

140,000.00
50,000.00
33,333.33
226,666.67
450,000.00
Initial Investment
1. Salaries
2. interest 5%
3. Remainder 4:1:1
Mones Pitular Tuazon
2,000,000.00 1,000,000.00 1,000,000.00
120,000.00 60,000.00 60,000.00
100,000.00 50,000.00 50,000.00
(60,000.00) (15,000.00) (15,000.00)
160,000.00 95,000.00 95,000.00
Total
4,000,000.00
240,000.00
200,000.00
(90,000.00)
350,000.00
 1. Interest
Salaries
Bonus 5%
Remainder 3:2
Profit

2. Interest
Salaries
Bonus 8%
Remainder 1:1
Profit

3 Interest
Salaries
Bonus 12.5%
Remainder 4:2
Profit

Average Capital Balances

1-Jan
1-Apr
1-Aug
Total
 1. Interest

Bonus 5%
Remainder 3:2

2. Interest

Bonus 8%
Remainder 1:1

3 Interest

Bonus 12.5%
Remainder 4:2

e Capital Balances
Alvaro
500,000.00
37,500.00
-62,500.00
475,000.00

Beginning Capital
Ending Capital
Salaries
Total
 Alvaro Yacapin Total
47,500.00 72,500.00 120,000.00
240,000.00 280,000.00 520,000.00
30,600.00 30,600.00
(16,800.00) (11,200.00) (28,000.00)
301,300.00 341,300.00 642,600.00

16,000.00 54,500.00 70,500.00

240,000.00 280,000.00 520,000.00
42,000.00 42,000.00
227,250.00 227,250.00 454,500.00
525,250.00 561,750.00 1,087,000.00

50,000.00 70,000.00 120,000.00

240,000.00 280,000.00 520,000.00
85,500.00 85,500.00
29,333.33 14,666.67 44,000.00
404,833.33 364,666.67 769,500.00

Yacapin
1-Jan 700,000.00
1-Sep 75,000.00
1-Jul -50,000.00
Total 725,000.00

Alvaro Yacapin Total

500,000.00 700,000.00 1,200,000.00
400,000.00 825,000.00 1,225,000.00
240,000.00 280,000.00 520,000.00
 Super Manila Novelty Store
Statement of Comprehensive Income
For the Year Ended December 31, 2019
Net Sales (Note 7)
Cost of Sales (Note 8)
Gross Profit

Profit

Super Manil
Statement of Chan
For the Year Ende

Original Investment
Add: Investment

Total
Less: Permanent Drawals

Balances

Add: Profit

Partner's Equity

Super Manila Novelty Store

Statement of Financial Position
For the Year Ended December 31, 2019
Total Liabilities & Owner's Equity
 Super Manila Novelty Store
Statement of Comprehensive Income
For the Year Ended December 31, 2019
Net Sales (Note 7)
Cost of Sales (Note 8)
Gross Profit
Administration Expenses
Total Operating Expenses
Profit

Division of Profit (30:20:50)

Castor
Arenas
Laurente

Super Manila Novelty Store

Statement of Changes in Partner's Equity
For the Year Ended December 31, 2019

Original Investment
Add: Investment

Total
Less: Permanent Drawals

Balances

Add: Profit

Partner's Equity

Super Manila Novelty Store

Statement of Financial Position
For the Year Ended December 31, 2019

Current Assets
Cash
Accounts Receivable
Merchandise Inventory
Prepaid Rent
 Prepaid Insurance
Total Assets

Current Liabilities
Accounts Payable

Non Current Liabilities

Notes Payable

Owner's Equity
Castor, Capital
Arenas, Capital
Laurente, Capital
Total Liabilities & Owner's Equity
9
2,500,000.00
1,450,000.00
1,050,000.00
700,000.00
700,000.00
350,000.00

105,000.00
70,000.00
175,000.00

Super Manila Novelty Store

Statement of Changes in Partner's Equity
For the Year Ended December 31, 2019
Castor Arenas Laurente
75,000.00 300,000.00 150,000.00
50,000.00 25,000.00
125,000.00
325,000.00 150,000.00
-50,000.00 -40,000.00
125,000.00
275,000.00 110,000.00
105,000.00
70,000.00 175,000.00
230,000.00
345,000.00 285,000.00

110,000.00
80,000.00
800,000.00
20,000.00
 15,000.00
1,025,000.00

50,000.00

115,000.00

230,000.00
345,000.00
285,000.00 860,000.00
1,025,000.00
Total
525,000.00
75,000.00

600,000.00
-90,000.00

510,000.00

350,000.00

860,000.00
 Calamba and Santiago
Income Statement
For the year Ended December 31, 2
Net Sales
Sales
Sales Return and Allowances
Net Sales

Cost of Sales
Merchandise Inventory, Jan 1
Purchases
Purchases Discounts
Purchases Returns and Allowances
Net Purchases
Transportation In
Net Cost of Purchases
Goods Available for Sale
Merchandise Inventory, December 31
Cost of Sales

Gross Profit
Operating Expenses
General Expenses (Control)
Selling Expenses (Control)
Interest Expenses
Total Operating Expenses
Profit

Salary
Interest 10%
Remainder 1:1
Profit
 Calamba and Santiago
Statement of Changes in Partner's Equity
For the Year Ended December 31, 2019

Original Investments
Less: Temporary Withdrawals
Balances
Add: Profit
Partner's Equity, December 31

Calamba and Santiago

Statement of Financial Position
As of December 31, 2019
ASSETS
Cash
Accounts Receivable
Allowance for Uncollectible Accounts
Merchandise Inventory, December 31
Prepaid Insurance
Equipment
Accumulated Depreciation- Equipment
TOTAL ASSETS

LIABILITIES & PARTNER'S EQUITY

Accounts Payable
Notes Payable
Calamba, Capital
Santiago, Capital
Total Liabilities and Partner's Equity
 Calamba and Santiago
Income Statement
For the year Ended December 31, 2019

1,440,590.00
5,407,160.00
43,050.00
259,600.00 302,650.00
5,104,510.00
224,880.00
5,329,390.00
6,769,980.00
1,320,420.00

149,390.00
385,880.00
35,000.00

Calamba Santiago Total

330,000.00 290,000.00 620,000.00
61,200.00 49,960.00 111,160.00
14,130.00 14,130.00 28,260.00
405,330.00 354,090.00 759,420.00
Calamba and Santiago
of Changes in Partner's Equity
ear Ended December 31, 2019
Calamba Santiago Total
612,000.00 499,600.00 1,111,600.00
326,400.00 244,800.00 571,200.00
285,600.00 254,800.00 540,400.00
405,330.00 354,090.00 759,420.00
690,930.00 608,890.00 1,299,820.00

ntiago
al Position
1, 2019

132,310.00
545,070.00
18,790.00 526,280.00
1,320,420.00
7,350.00
753,150.00
462,870 290,280.00
2,276,640.00

677,820.00
299,000.00
690,930.00
608,890.00
2,276,640.00
7,155,000.00
375,750.00
6,779,250.00

5,449,560.00

1,329,690.00

570,270.00
759,420.00
 Pangilinan
Salary Allowances 100,000.00
Interest on Average Capital Balances 56,000.00
Balance to be divided in Ratio of 30:30:40 -148,800.00
Share of Partners in Loss 7,200.00
Gumban De Guzman Total
100,000.00
105,000.00 115,000.00 276,000.00
-148,800.00 -198,400 -496,000.00
-43,800.00 -83,400.00 -120,000.00
 Pangilinan, Gumban, De Guzman
Statement of Changes in Equity
For the Year Ended December 31, 2019
ngilinan, Gumban, De Guzman
atement of Changes in Equity
e Year Ended December 31, 2019
Pangilinan Gumban De Guzman