1 Catral, Capital(480K x 1/3) 160,000.

00
Conti, Capital 160,000.00
To record the admission of Conti

2 Clemente, Capital(360K x 1/3) 120,000.00

Conti, Capital 120,000.00
To record the admission of Conti

3 Catral, Capital 252,000.00

Clemente, Capital 84,000.00
Other Assets 336,000.00

Catral, Capital 57,000.00

Clemente, Capital 69,000.00
Conti, Capital 126,000.00
To record the admission of Conti

New Partnership Capital 126,000.00 0.25 504,000.00

Asset Revaluation 504,000.00 840,000.00 -336,000.00
Allocation of Asset Revaluation
Catral, Capital -336,000.00 0.75 -252,000.00
Clemente, Capital -336,000.00 0.25 -84,000.00

Catral, Capital Clemente, Capital

Capital Balances Bef. Revaluation 480,000.00 360,000.00
Share on Asset Revaluation -252,000.00 -84,000.00
Capital Balances After Revaluation 228,000.00 276,000.00

Catral, Capital Clemente, Capital

Capital Balances After Revaluation 228,000.00 276,000.00
Interest Transferred 0.25 0.25
Capital Transferred to Cedra 57,000.00 69,000.00

1 Carlos, Capital(200K x 1/4) 50,000.00

Cruz, Capital(300K x 1/3) 100,000.00
Capras, Capital 150,000.00
To record the admission of Caparas

Cash 120,000.00
Carpio, Capital 120,000.00
To record the admission of Carpio

Capital Balances After Admission

Carlos, Capital Cruz, Capital Capras, Capital Carpio, Capital
Beg. Balance 200,000.00 300,000.00
Transferred to Capras 50,000.00 100,000.00 150,000.00
Investment of Carpio 120,000.00
Adjusted Capital 150,000.00 200,000.00 150,000.00 120,000.00