Hungria and Blanche Partnership

Statement of Liquidation
Dec 31,2019
Cash Assets Liabilities Hungria, Capital
P/L Percentages (3/4)
a Balances before liquidation 1,000,000 250,000 400,000
b Sales of Inv and Non-cash Assets
and Distribution of gain 800,000 -1,000,000 -150,000
Balances 800,000 250,000 250,000
c Payment of liabilities to
Outsiders -250,000 -250,000
Balances 550,000 250,000
d Payments to Partners -550,000 -250,000

Hungria, Capital 250,000

Blanche, Capital 300,000
Blanche, Capital
(1/4)
350,000

-50,000
300,000

300,000
-300,000