AKUNTANSI KEUANGAN LANJUTAN 2

TUGAS TM KE-10

Disusun Oleh:

Salma Salsabiila (041911535040)

PRODI. S1 AKUNTANSI

FAKULTAS EKONOMI DAN BISNIS

UNIVERSITAS AIRLANGGA

BANYUWANGI

2022
P17-1
Jorunal Entries to Record Liquidation
Cash 25,000
Flo Capital 9,000
Fay Capital 6,000
Lumber Inventory 40,000
Cash 21,000
Flo Capital 2,400
Fay Capital 1,600
Accounts Receivable 25,000

Flo and Fay

Balance Sheet
At January 10, 2016
$56,000 Liabilities and Equity Accounts Payable
Flo Capital
Fay Capital
$56,000

Order of Payment
To creditors for accounts payable $15,000
To Flo for her Capital Balance 28,600
To Fay for her Capital Balance 12,400
Total Distribution $56,000

Flo and Fay Partnership

Statement of Partnership Liquidation
For the Period, January 1, 2016, to January 31, 2017
Cash Noncash Piority Flo Fay
Assets Liabilities Capital Capital
60% 40%
Balance of Jan, 2016 $10,000 65,000 15,000 40,000 20,000
Sale of Inventory 25,000 40,000 9,000 6,000
35,000 25,000 15,000 31,000 14,000
Collection of Receivables 21,000 25,000 2,400 1,600
56,000 0 15,000 28,600 12,400
Payment Liabilites (15,000) 15,000
41,000 0 28,600 12,400
Final Distribution (41,000) 28,600 12,400
0 0 0