Balance Begginning

Feb - Sale
Balance
Liabilities
Balance
Distribution of Cash
Balances
March - Sale
Balance
Right to Offset
Blalance
Distribution of Cash
Balance
Final Settlement

Problem 2

NDC Partnership
Cash Priority Program

N, Gomez D, Pangilinan C, Yee

Capital Bal. 200,000 280,000 150,000
ADD: LOAN BALANCES - - -
Partners total Interest 200,000 280,000 150,000
/ P/L RATIO 1 0 0
Loss Absorption 400,000 933,333 750,000
PRIORITY TO -533,333
BALANCES 400,000 400,000 750,000
PRIORITY TO: -120,000 -120,000 -470,000
BALANCES 280,000 280,000 280,000

NDC Partnership
Statement of Partnership Realization and Liquidation — I
From July 1, 2021, to September 30, 2

Cash Non-cash Assets Liabilities

Pre Liquidation balances 100,000 1,340,000 810,000

July, 2021: Sale of assets
and distribution of 240,000 780,000 -1,020,000
Balances 880,000 320,000 -810,000
Liquidation expenses 0
Balances 880,000 320,000
Payment to creditors -810,000 810,000
Balances 70,000 320,000 -
August (26,000) 44,000 -70,000
Distribution of Cash 114,000 250,000 -
September (140,000) 110,000 -250,000
Balances 224,000
Allocate Nadias' Deficit
Balances 224,000
Payment to Partners -224,000
Post Liquid Balance 0 0 0
 RBG Partnership
Statement of Liquidation

Cash Non - cash Liabilities

150,000 1,450,000 250,000
1,000,000 -1,000,000
1,150,000 450,000 -
-250,000 -250,000
900,000 450,000 -
-900,000
- 450,000
950,000 -950,000
950,000 -500,000

950,000 -500,000 -
-950,000
- -500,000
- -

CASH PRIORITY PAYMENT TO

Gomez Pangilinan Yee

160,000
 60,000 36,000 86,000
60,000 196,000 86,000
50% 30% 20%

NDC Partnership
ation and Liquidation — Installment Liquidation
1, 2021, to September 30, 2021

Nadia Dennis Charles

50%% 30% 20%
200,000 280,000 150,000

120,000 72,000 48,000

80,000 208,000 102,000
0 0 0
80,000 208,000 102,000

80,000 208,000 102,000

13,000 7,800 5,200
67,000 200,200 96,800
70,000 42,000 28,000
3,000 158,200 68,800
8,000 4,800 3,200
11,000 153,400 65,600
-11,000 -153,400 -65,600
0 0 0
R, Capital B, Capital G, Capital
250,000 750,000 350,000

250,000 750,000 350,000

250,000 750,000 350,000

-450,000 -270,000 -180,000
-200,000 480,000 170,000

-200,000 480,000 170,000

200,000 -120,000 -80,000
- 360,000 90,000
-570,000 -380,000
-210,000 -290,000
- -