A 3T Partnership

Statement of Liquidation
January 1-31 2020
Loan
Cash Other Assets Liabilities
Tak
Profit and loss ratio
Balances before liquidation 40,000 680,000 224,000 10,000
GOR and distribution 700,000 (680,000)
Balances 740,000 0 224,000 10,000
Payment of liabilities (224,000) (224,000)
Balances 516,000 0 0 10,000
Payment to partners (516,000) (10,000)

B 3T Partnership
Statement of Liquidation
January 1-31 2020
Loan
Cash Other Assets Liabilities
Tak
Profit and loss ratio
Balances before liquidation 40,000 680,000 224,000 10,000
LOR and distribution 500,000 (680,000)
Balances 540,000 0 224,000 10,000
Payment of liabilities (224,000) (224,000)
Balances 316,000 0 0 10,000
Payment to partners (316,000) (10,000)

C 3T Partnership
Statement of Liquidation
January 1-31 2020
Loan
Cash Other Assets Liabilities
Tak
Profit and loss ratio
Balances before liquidation 40,000 680,000 224,000 10,000
LOR and distribution
Balances
Payment of liabilities
Offset Tak, Loan to Tak, Capital
deficiency
Balances
Payment to partners
ip
idation
020
Loan Capital
Toe Tik Tak Toe
4 4 2
16,000 190,000 120,000 160,000
8,000 8,000 4,000
16,000 198,000 128,000 164,000

16,000 198,000 128,000 164,000

(16,000) (198,000) (128,000) (164,000)

ip
idation
020
Loan Capital
Toe Tik Tak Toe
4 4 2
16,000 190,000 120,000 160,000
(72,000) (72,000) (36,000)
16,000 118,000 48,000 124,000

16,000 118,000 48,000 124,000

(16,000) (118,000) (48,000) (124,000)

ip
idation
020
Loan Capital
Toe Tik Tak Toe
4 4 2
16,000 190,000 120,000 160,000
A a) Sale of other assets and distribution of gain
Cash 700,000
Other Assets 680,000
Tik, Capital 8,000
Tak, Capital 8,000
Toe, Capital 4,000

b) Payment of liabilities
Liabilities 224,000
Cash 224,000

c) Payment to partners
Tak, Loan 10,000
Toe, Loan 16,000
Tik, Capital 198,000
Tak, Capital 128,000
Toe, Capital 164,000
Cash 516,000

B a) Sale of other assets and distribution of gain

Cash 500,000
Tik, Capital 72,000
Tak, Capital 72,000
Toe, Capital 36,000
Other Assets 680,000

b) Payment of liabilities
Liabilities 224,000
Cash 224,000

c) Payment to partners
Tak, Loan 10,000
Toe, Loan 16,000
Tik, Capital 118,000
Tak, Capital 48,000
Toe, Capital 124,000
Cash 316,000