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  • Exercise 4-2

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    lheamaecayabyab4
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    The document shows capital account transactions for four entities - Capco, Cular, Cruz, and Canda. In the first entry, Cular contributed 20,000 capital and Canda received 20,000 capital. In the second entry, Capco contributed 30,000 capital, Cular contributed an additional 3,000 capital, and Cruz contributed 17,000 capital, which was received by Canda for a total of 70,000 capital. In the third entry, cash of 26,250 was received and distributed with 13,125 going to Capco, 7,875 to Cular, and 5,250 to Cruz.

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    EXERCISE 4-2

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    The document shows capital account transactions for four entities - Capco, Cular, Cruz, and Canda. In the first entry, Cular contributed 20,000 capital and Canda received 20,000 capital. In the second entry, Capco contributed 30,000 capital, Cular contributed an additional 3,000 capital, and Cruz contributed 17,000 capital, which was received by Canda for a total of 70,000 capital. In the third entry, cash of 26,250 was received and distributed with 13,125 going to Capco, 7,875 to Cular, and 5,250 to Cruz.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    11 views1 page

    Exercise 4-2

    Uploaded by

    lheamaecayabyab4
    The document shows capital account transactions for four entities - Capco, Cular, Cruz, and Canda. In the first entry, Cular contributed 20,000 capital and Canda received 20,000 capital. In the second entry, Capco contributed 30,000 capital, Cular contributed an additional 3,000 capital, and Cruz contributed 17,000 capital, which was received by Canda for a total of 70,000 capital. In the third entry, cash of 26,250 was received and distributed with 13,125 going to Capco, 7,875 to Cular, and 5,250 to Cruz.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    CAYABYAB, LHEA MAE O.

    BSA-1
    ENTRY 1 DR CR
    CULAR, CAPITAL 20,000.00
    CANDA, CAPITAL 20,000.00

    ENTRY 2 DR CR
    CAPCO, CAPITAL 30,000.00
    CULAR, CAPITAL 23,000.00
    CRUZ, CAPITAL 17,000.00
    CANDA, CAPITAL 70,000.00

    ENTRY 3 DR CR
    CASH 26,250.00
    CAPCO, CAPITAL 13,125.00
    CULAR, CAPITAL 7,875.00
    CRUZ, CAPITAL 5,250.00

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