Escano Garcia

Salary Allowance 100,000.00

Interest on Average Capital 56,000.00 100,000.00
Ratio (30:30:40)

Period Capital Balance

Escano Jan 1 - Jun 30 600,000.00
Jul 1 - Dec 31 520,000.00

Garcia Jun 1 - Aug 30 900,000.00

Sept 1 - Dec 31 1,200,000.00

Sabater Jun 1 - Jun 30 100,000.00

Jul 1 - Sept 30 0.00
Oct 1 - Dec 31 200,000.00

Loss 120,000 Escano Garcia

Salary Allowance 100,000.00
Interest on Average Capital 56,000.00 100,000
Ratio (30:30:40) -115,800 -115,800
Total 40,200.00 -15,800
 Sabater Total

10,000.00

# of months unchanged Peso Months Average Capital

6 3,600,000.00
6 3,120,000.00
6,720,000.00 560,000.00
8 7,200,000.00
4 4,800,000.00
12,000,000.00 1,000,000.00
6 600,000.00
3 0.00
3 600,000.00

1,200,000 100,000.00

Sabater 120,000.00
100,000.00
10,000 166,000.00
-154,400 386,000.00
-144,400.00 -120,000.00
 Escano Capital
Beginning, Capital P600,000
Less: Escano, Drawing -80,000
Escano, Capital P520,000

Garcia Capital
Beginning, Capital P900,000
Add: Additional Investments 300,000
Garcia, Capital P1,200,000

Sabater Capital
Beginning, Capital P100,000
Less: Sabater, Withdrawals -100,000
Add: Additional Investments 200,000
Sabater, Capital P200,000
 Escano, Garcia and Sabater Partnership
Statement of Changes in Equity
For the year ended Dec. 31, 2008
Escano Garcia
Beginning Capital Php 600,000.00 Php 900,000.00
Add: Additional Investment - 300,000.00
Total 600,000.00 1,200,000.00
Less: Permanent Withdrawals (80,000.00) -
Total 520,000.00 1,200,000.00
Losses 40,200.00 (15,800.00)
Total Php 560,200.00 Php 1,184,200.00
nership
uity
2008
Sabater
Php 100,000.00 Php 1,600,000.00
200,000.00 500,000.00
300,000.00 2,100,000.00
(100,000.00) (180,000.00)
200,000.00 1,920,000.00
(144,400.00) (120,000.00)
Php 55,600.00 Php 1,800,000.00
 Correcting Entries
Sabter, Capital 70,400.00
Escano, Capital 38,200.00
Garcia, Capital 32,200.00