Assignment in akawnting: Partnership Liquidation
February 2, 2015BSA 1A & BSA 1B:
Answer Problem 13 on page 4-45 of Partnership and Corporation Made Easy by Ballada. You may use EXCEL for your entries. Submission will be on February 4, 2015.
Review the lessons discussed dated February 2, 2015. We will have our first quiz for the End Term.
JACQUELINE P. TADO BSA-IA
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Cap. 10,800
M, Cap. 10,800
B, Cap. 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Cap. 53,040
M, Cap. 53,040
B, Cap. 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Cap. 2,400
M, Cap. 2,400
B, Cap. 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Cap. 40,800
M, Cap. 40,800
B, Cap. 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Cap. 31,360
B, Cap. 15,680
M. Cap. 47,040
To record the deficit.
/ B, Cap. 3,400
T, Cap. 3,400
To record the deficit.
24 B, Cap. 127,500
Cash 127,500
To record the distribution of cash.
Carlo M. Maglinte BSA-IA
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Cap. 10,800
M, Cap. 10,800
B, Cap. 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Cap. 53,040
M, Cap. 53,040
B, Cap. 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Cap. 2,400
M, Cap. 2,400
B, Cap. 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Cap. 40,800
M, Cap. 40,800
B, Cap. 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Cap. 31,360
B, Cap. 15,680
M. Cap. 47,040
To record the deficit.
/ B, Cap. 3,400
T, Cap. 3,400
To record the deficit.
24 B, Cap. 127,500
Cash 127,500
To record the distribution of cash.
Arlito P. Solano Jr. BSA-IA
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Cap. 10,800
M, Cap. 10,800
B, Cap. 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Cap. 53,040
M, Cap. 53,040
B, Cap. 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Cap. 2,400
M, Cap. 2,400
B, Cap. 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Cap. 40,800
M, Cap. 40,800
B, Cap. 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Cap. 31,360
B, Cap. 15,680
M. Cap. 47,040
To record the deficit.
/ B, Cap. 3,400
T, Cap. 3,400
To record the deficit.
24 B, Cap. 127,500
Cash 127,500
To record the distribution of cash.
Ariane N. Gata BSA-IA
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Cap. 10,800
M, Cap. 10,800
B, Cap. 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Cap. 53,040
M, Cap. 53,040
B, Cap. 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Cap. 2,400
M, Cap. 2,400
B, Cap. 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Cap. 40,800
M, Cap. 40,800
B, Cap. 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Cap. 31,360
B, Cap. 15,680
M. Cap. 47,040
To record the deficit.
/ B, Cap. 3,400
T, Cap. 3,400
To record the deficit.
24 B, Cap. 127,500
Cash 127,500
To record the distribution of cash.
Zabala, Regine May T. BSA-IA
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Cap. 10,800
M, Cap. 10,800
B, Cap. 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Cap. 53,040
M, Cap. 53,040
B, Cap. 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Cap. 2,400
M, Cap. 2,400
B, Cap. 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Cap. 40,800
M, Cap. 40,800
B, Cap. 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Cap. 31,360
B, Cap. 15,680
M. Cap. 47,040
To record the deficit.
/ B, Cap. 3,400
T, Cap. 3,400
To record the deficit.
24 B, Cap. 127,500
Cash 127,500
To record the distribution of cash.
Ramos, Angela C. BSA-IA
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Cap. 10,800
M, Cap. 10,800
B, Cap. 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Cap. 53,040
M, Cap. 53,040
B, Cap. 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Cap. 2,400
M, Cap. 2,400
B, Cap. 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Cap. 40,800
M, Cap. 40,800
B, Cap. 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Cap. 31,360
B, Cap. 15,680
M. Cap. 47,040
To record the deficit.
/ B, Cap. 3,400
T, Cap. 3,400
To record the deficit.
24 B, Cap. 127,500
Cash 127,500
To record the distribution of cash.
Endong, Mark Millan N. Endong BSA-1A
ReplyDeleteProblem #13 (4-45)
June 6 Cash 151 500
Tugade, Capital 15 240
Masinsin, Capital 15 240
Biore, Capital 7 620
Accounts Receivable 189 600
To record the collection of accounts receivable.
/ Allow. for Uncollectible Accounts 11 100
Tugade, Capital 4 440
Masinsin, Capital 4 440
Biore, Capital 2 220
To record the write-off of AUA.
9 Cash 160 500
Tugade, Capital 53 040
Masinsin, Capital 53 040
Biore, Capital 26 520
Merchandise Inventory 293 100
to record the sale of Merchandise Inventory.
11 Cash 3 000
Tugade, Capital 2 400
Masinsin, Capital 2 400
Biore, Capital 1 200
Prepaid Expenses 9 000
to record the refund on Prepaid Expense.
14 Cash 111 000
Accum. Depreciation 155 100
Tugade, Capital 136 800
Masinsin, Capital 136 800
Biore, Capital 68 400
Land 120 000
Office Equipment 31 500
Machinery 81 600
Building 375 000
To record the sale of Property and Equipment.
/ Mortgage Payable 240 000
Tugade, Capital 96 000
Masinsin, Capital 96 000
Biore, Capital 48 000
To record the transfer of Mortgage Payable.
20 Notes Payable 120 000
Accounts Payable 220 500
Cash 340 500
To record the payment to creditors.
/ Tugade, Capital 31 360
Biore, Capital 15 680
Masinsin, Capital 47 040
To record the additional losses of Tugade
and Biore.
/ Biore, Capital 3 400
Tugade, Capital 3 400
To record the additional loss to Biore.
24 Biore, Capital 127 500
Cash 127 500
To record the distribution of cash.
Entries
ReplyDeleteJan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,000
Masinsin, Capital 10,000
Biore, Capital 5,400
Accounts Receivable 109,600
Jan. 9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Jan. 11Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Expense 9,000
Jan.14 Cash 111,000
Mortgage Payable 240,000
Accum. Dep'n - Office Equipt. 10,500
Accum. Dep'n - Machinery 32,100
Accum. Dep'n - Bldg. 112,500
Tugade, Capital 40,000
Masinsin, Capital 40,000
Biore, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Jan.20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
/ Biore, Capital 3,400
Tugade, Capital 3,400
Ja.24 Biore, Capital 127,500
Cash 127,500
Noemi Trisha N. Diolola
Boreres, Yvette R. BSA 1A
ReplyDeleteTUGADE, MASINSIN AND BIORE
JOURNAL ENTRIES
As of Jan. 2015
2015
Jan. 6 Cash 151,500
AUA 11,100
T, Capital 10,800
M,Capital 10,800
B,Capital 5,400
A/R 189,600
To record the collection of A/R and to right off the AUA.
9 Cash 160,500
T, Capital 53,040
M, Capital 53,040
B, Capital 26,520
M. Inventory 293,100
To record the sale of inventory.
11 Cash 3,000
T, Capital 2,400
M, Capital 2,400
B, Capital 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
M/P 240,000
A/D-O. E. 10,500
A/D-Machinery 32,100
A/D-Bldg. 112,500
T, Capital 40,800
M, Capital 40,800
B, Capital 20,400
Land 120,000
Eqpt. 31,500
Machinery 81,600
Bldg. 375,000
To record the sale of property
and equipment and transfer of M/P to Sibug.
20 N/P 120,000
A/P 220,500
Cash 340,500
Payment of liabilities.
/ T,Capital 31,360
B, Capital 15,680
M. Capital 47,040
To record the deficit.
/ B, Capital 3,400
T, Capital 3,400
To record the deficit.
24 B, Capital 127,500
Cash 127,500
To record the distribution of cash.
Busa, Aaron Noel O.
ReplyDeleteBSA-1A
2015
Jan 6 Cash 151 500
Allowance for Uncollectible Accounts 11 100
Tugade, Capital 10 800
Masinsin, Capital 10 800
Biore, Capital 5 400
Accounts Receivable 189 600
Collection of accounts receivable.
9 Cash 160 500
Tugade, capital 53 040
Masinsin, Capital 53 040
Biore, Capital 26 520
Merchandise Inventory 293 100
Sale of merchandise inventory.
11 Cash 3 000
Tugade, Capital 2 400
Masinsin, Capital 2 400
Biore, Capital 1 200
Prepaid Insurance 9 000
Refund for prepaid insurance.
14 Cash 111 000
Mortgage Payable 240 000
Accu. Depreciation-Office Equipment 10 500
Accu. Depreciation-Machinery 32 100
Accu. Depreciation-Building 112 500
Tugade, Capital 40 800
Masinsin, Capital 40 800
Biore, Capital 20 400
Land 120 000
Office Equipment 31 500
Machinery 81 600
Building 375 000
Sale of Property & equipment.
20 Notes Payable 120 000
Accounts Payable 220 500
Cash 340 500
Payment of liabilities.
/ Tugade, Capital 31 360
Biore, Capital 15 680
Masinsin, Capital 47 040
Additional Loss to Tugade & Biore.
/ Biore, Capital 3 400
Tugade, Capital 3 400
Additional loss to Biore.
24 Biore, Capital 127 500
Cash 127 500
Payment to Biore.
2015
ReplyDeleteJan. 6 Cash 151 500
Allowance for Doubtful Accounts 11 100
Tugade, Capital 10 800
Masinsin, Capital 10 800
Biore, Capital 5 400
Accounts Receivable 189 600
9 Cash 160 500
Tugade, Capital 53 040
Masinsin, Capital 53 040
Biore, Capital 26 520
Merchandise Inventory 293 100
11 Cash 3 000
Tugade, Capital 2 400
Masinsin, Capital 2 400
Biore, Capital 1000
Prepaid Expense 9 000
14 Cash 111 000
Mortgage Payable 240 000
Accum. Dep'n- Office Eqpt. 10 500
Accum. Dep'n- Machinery 32 100
Accum. Dep'n- Bldg. 112 500
Tugade, Capital 40 800
Masinsin, Capital 40 800
Biore, Capital 20 400
Land 120 000
Equipment 31 500
Machinery 81 600
Building 375 009
20 Notes Payable 120 000
Accounts Payable 220 500
Cash 340 500
/ Tugade, Capital 31 360
Biore, Capital 15 680
Masinsin, Capital 47 040
/ Biore, Capital 3 400
Tugade, Capital 3 400
24 Biore, Capital 127 500
Cash 127 500
TUMAMAK, CRYSTAL M.
UROT, LUZVIMINDA I.
ReplyDelete2015
Jan. 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
To record collection of accounts receivable and
written off of allowance for uncollectible accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53.040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
To record refund of prepaid insurance.
14 Cash 111,000
Mortgage Payable 240,000
Accum. Dep’n.-Office Equipment 10,500
Accum. Dep’n.-Machinery 32,100
Accum. Dep’n.-Building 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
To record lump sum sale of property and
equipment and transfer of mortgage on building.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record payment to creditors.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record absorption of capital deficit of
Masinsin.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record absorption of capital deficit of
Tugade.
24 Biore, Capital 127,500
Cash 127,500
To record final distribution of cash to partner.
Iris Prisno BSA-1A
ReplyDelete2015
Jan. 6
Cash 151500
Allowance for doubtful accounts 11100
Tugade, Cap. 10000
Masinsin, Cap. 10000
Biore, Cap. 5400
Accounts Receivable 109600
Collection of AR
and written of allowances.
9 Cash 160500
Tugade, Cap. 53040
Masinsin, Cap. 53040
Biore, Cap. 26520
Merchandise Inventory 293100
Sale of MI.
11 Cash 3000
Tugade, Cap. 2400
Masinsin, Cap. 2400
Biore, Cap. 1200
Prepaid Insurance 9000
Refund of insurance.
14 Cash 111000
Mortgage Payable 240000
A/D-Office Equip’t 10500
A/D-Machinery 32100
A/D-Bldg. 112500
Tugade, Cap. 40800
Masinsin, Cap. 40800
Biore, Cap. 20400
Land 120000
Equip’t 31500
Machinery 81600
Bldg. 375000
Lump-sum sale of assets
and transfer of liability on bldg..
20 Notes Payable 120000
Accounts Payable 220500
Cash 340500
Settlement f liabilities.
/ Tugade, Cap. 31360
Biore, Cap. 15680
Masinsin, Cap. 47040
Absorption of capital deficit of Masinsin.
/ Biore, Cap. 3400
Tugade, Cap. 3400
Absorption of capital deficit of Tugade.
/ Biore, Cap. 127500
Cash 127500
Payment to Biore.
Labanes, Mary Rose BSA-1B
ReplyDeleteTugade,Masinsin & Biore
Journal Entries
As of January 2015
2015
Jan. 6 Cash 151,500
Allow. for uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts receivable 189,600
To record the collection of accounts receivable
and to write off the allowance for uncollectible accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record the sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
Mortage Payable 240,000
Accumulated Depreciation-OE 10,500
Accumulated Depreciation-Machinery 32,100
Accumulated Depreciation-Bldg. 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
To record the lump-sum sale of non-cash assets and transfer
Of liability on building.
20 Mortgage Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payments of liabilities.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record the absorption of deficiency.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency.
24 Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
Adonis, Demelyn BSA-1B
ReplyDeleteTugade,Masinsin & Biore
Journal Entries
As of January 2015
2015
Jan. 6 Cash 151,500
Allow. for uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts receivable 189,600
To record the collection of accounts receivable
and to write off the allowance for uncollectible accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record the sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
Mortage Payable 240,000
Accumulated Depreciation-OE 10,500
Accumulated Depreciation-Machinery 32,100
Accumulated Depreciation-Bldg. 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
To record the lump-sum sale of non-cash assets and transfer
Of liability on building.
20 Mortgage Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payments of liabilities.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record the absorption of deficiency.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency.
24 Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
Lendio, Gerly Jane BSA-1B
ReplyDeleteTugade,Masinsin & Biore
Journal Entries
As of January 2015
2015
Jan. 6 Cash 151,500
Allow. for uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts receivable 189,600
To record the collection of accounts receivable
and to write off the allowance for uncollectible accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record the sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
Mortage Payable 240,000
Accumulated Depreciation-OE 10,500
Accumulated Depreciation-Machinery 32,100
Accumulated Depreciation-Bldg. 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
To record the lump-sum sale of non-cash assets and transfer
Of liability on building.
20 Mortgage Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payments of liabilities.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record the absorption of deficiency.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency.
24 Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
Submitted By: AIGIE GRACE M. SALVATIERRA
ReplyDeleteBSA 1-B
PROBLEM # 13:
PREPARATION OF JOURNAL ENTRIES FOR PARTNERSHIP
LIQUIDATION
Required:
January 6 Cash 151,500
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Accounts Recievable 189,600
/ Allowance for Doubtful Accounts 11,000
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
January 9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
January 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
January 14 Cash 111,000
Accumulated Depreciation 155,100
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
/ Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
January 20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
/ Biore, Capital 3,400
Tugade, Capital 3,400
/ Cash 127,500
Biore, Capital 127,500
Canciller, Mariel L. BSA-1B
ReplyDeleteTugade,Masinsin & Biore
Journal Entries
As of January 2015
2015
Jan. 6 Cash 151,500
Allow. for uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts receivable 189,600
To record the collection of accounts receivable
and to write off the allowance for uncollectible accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record the sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
Mortage Payable 240,000
Accumulated Depreciation-OE 10,500
Accumulated Depreciation-Machinery 32,100
Accumulated Depreciation-Bldg. 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
To record the lump-sum sale of non-cash assets and transfer
Of liability on building.
20 Mortgage Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payments of liabilities.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record the absorption of deficiency.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency.
24 Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
BANDILLA,PEACHY M. BSA-1A
ReplyDeletePROBLEM #13
JAN.6 Cash 151,500
Tugade,capital 15,240
Masinsin,capital 15,240
Biore,capital 7,620
Accounts receivable 189,600
/ Allowance for uncollectible accounts 11,100
Tugade,capital 4,440
Masinsin,capital 4,440
Biore,capital 2,220
9 Cash 160,500
Tugade,capital 53,040
Masinsin,capital 53,040
Biore,capital 26,520
merchandise inventory 193,100
11 Cash 3,000
Tugade,capital 2,400
Masinsin,capital 2,400
Biore,capital 1,200
Prepaid insurance 9,000
14 Cash 111,000
Accumulated depreciation 155,100
Tugade,capital 136,800
Masinsin,capital 136,800
Biore,capital 68,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
/ Mortgage payable 240,000
Tugade,capital 96,000
Masinsin,capital 96,000
Biore,capital 48,000
20 Notes payble 120,000
Accounts payable 220,500
Cash 340,500
/ Tugade,capital 31,360
Biore,capital 15,680
Masinsin,capital 47,040
/ Biore,capital 3,400
Tugade,capital 3,400
/ Cash 127,500
Biore,capital 127,500
Hermosilla, Merilyn C. BSA-1A
ReplyDeleteTugade,Masinsin & Biore
Journal Entries
As of January 2015
2015
Jan. 6 Cash 151,500
Allow. for uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts receivable 189,600
To record the collection of accounts receivable
and to write off the allowance for uncollectible accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record the sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of prepaid insurance.
14 Cash 111,000
Mortage Payable 240,000
Accumulated Depreciation-OE 10,500
Accumulated Depreciation-Machinery 32,100
Accumulated Depreciation-Bldg. 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
To record the lump-sum sale of non-cash assets and transfer
Of liability on building.
20 Mortgage Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payments of liabilities.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record the absorption of deficiency.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency.
24 Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
ARTECHE, RACHELLE NIñA V.
ReplyDeleteBSA - IB
PROBLEM # 13:
Preparation of Journal Entries for Partnership Liquidation
Required:
January 6 Cash 151,500
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Accounts Recievable 189,600
/ Allowance for Doubtful Accounts 11,000
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
January 9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
January 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
January 14 Cash 111,000
Accumulated Depreciation 155,100
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
/ Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
January 20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
/ Biore, Capital 3,400
Tugade, Capital 3,400
/ Cash 127,500
Biore, Capital 127,500
BASILAN, ANGIELYN I. BSA-1B
ReplyDeletePROBLEM #13
JAN.6 Cash 151,500
Tugade,capital 15,240
Masinsin,capital 15,240
Biore,capital 7,620
Accounts receivable 189,600
/ Allowance for uncollectible accounts 11,100
Tugade,capital 4,440
Masinsin,capital 4,440
Biore,capital 2,220
9 Cash 160,500
Tugade,capital 53,040
Masinsin,capital 53,040
Biore,capital 26,520
merchandise inventory 193,100
11 Cash 3,000
Tugade,capital 2,400
Masinsin,capital 2,400
Biore,capital 1,200
Prepaid insurance 9,000
14 Cash 111,000
Accumulated depreciation 155,100
Tugade,capital 136,800
Masinsin,capital 136,800
Biore,capital 68,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
/ Mortgage payable 240,000
Tugade,capital 96,000
Masinsin,capital 96,000
Biore,capital 48,000
20 Notes payble 120,000
Accounts payable 220,500
Cash 340,500
/ Tugade,capital 31,360
Biore,capital 15,680
Masinsin,capital 47,040
/ Biore,capital 3,400
Tugade,capital 3,400
/ Cash 127,500
Biore,capital 127,500
Renz P. Morta BSA- 1A
ReplyDeleteDate Particulars debit credit
2015
Jan 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,000
Masinsin, Capital 10,000
Biore, Capital 5,400
Accounts Receivable 109,000
Collection of accounts
receivable.
9 Cash 160,000
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Sale of merchandise
inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund on prepaid
insurance.
14 Cash 111,000
Mortgage Payable 240,000
Accu. Depreciation-Machinery 32,100
Accu. Depreciation-Building 112,500
Tugade, Capital 40,000
Masinsin, Capital 40,000
Biore, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of property and
equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment to creditors.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of
deficit from Masinsin.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption of
deficit from
Tugade.
24 Biore, Capital 127,500
Cash 127,500
Distribution of
remaining partnership
cash to Biore.
Relatorres, Camille Kessey, E.
ReplyDelete2015 Particulars PR debit credit
Jan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,000
Masinsin, Capital 10,000
Biore, Capital 5,400
Accounts Receivable 109,600
Collection of accounts receivable.
9 Cash 160,500
Tugade, Capita 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund on prepaid insurance.
14 Cash 111,000
Mortgage Payable 240,000
Accumulated Depreciation-Office Equipment 10,500
Accumulated Depreciation-Machinery 32,100
Accumulated Depreciation-Building 112,500
Tugade, Capital 40,000
Masinsin, Capital 40,000
Biore, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of property and equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment to creditors.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of deficit from Masinsin.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption of deficit from Tugade.
24 Biore, Capital 127,500
Cash 127,500
The distribution of the residual cash to Biore.
Renz P. Morta BSA- 1A
ReplyDeleteDate Particulars debit credit
2015
Jan 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,000
Masinsin, Capital 10,000
Biore, Capital 5,400
Accounts Receivable 109,000
Collection of accounts
receivable.
9 Cash 160,000
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Sale of merchandise
inventory.
11 Cash 3,000
Tugade, Capital 2,400
Manisin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund on prepaid
insurance.
14 Cash 111,000
Mortgage Payable 240,000
Accu. Depreciation-Office Equipment 10,500
Accu. Depreciation-Machinery 32,100
Accu. Depreciation-Building 112,500
Tugade, Capital 40,000
Masinsin, Capital 40,000
Biore, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of property and
equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment to creditors.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of
deficit from Masinsin.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption of deficit
from Tugade.
24 Biore, Capital 127,500
Cash 127,500
Distribution of
remaining partnership
cash to Biore.
LIQUIDATION-Problem #13-Page-4-45
ReplyDeleteJan. 06 Cash 151,500
Allowance for Uncollectible Accounts 11,000
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
To record collected A/R.
Jan. 09 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record Inventory.
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
A refund of prepaid insurance.
Jan. 14 Accumulated Depreciation 10,500
Office Equipment 10,500
To close A/D of Office Equipment.
Jan. 14 Accumulated Depreciation 32,100
Machinery 32,100
To close A/D of Machinery.
Jan. 14 Accumulated Depreciation 112,500
Building 375,000
To close A/D of Building.
Jan. 14 Cash 111,000
Mortgage Payable 240,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Property and Equipment 453,000
To record Property and Equipment.
Jan. 20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record payment of accounts.
Jan. 20 Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record deficiency in Masinsin's Capital.
Jan. 20 Biore, Capital 3,400
Tugade, Capital 3,400
To record deficiency in Tugade's Capital.
Jan. 24 Cash 127,500
Biore, Capital 127,500
To record the distribution of cash.
-ARAMINA C. ALBAT-BSA-1A
LIQUIDATION-Problem #13-Page-4-45
ReplyDeleteJan. 06 Cash 151,500
Allowance for Uncollectible Accounts 11,000
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
To record collected A/R.
Jan. 09 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record Inventory.
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
A refund of prepaid insurance.
Jan. 14 Accumulated Depreciation 10,500
Office Equipment 10,500
To close A/D of Office Equipment.
Jan. 14 Accumulated Depreciation 32,100
Machinery 32,100
To close A/D of Machinery.
Jan. 14 Accumulated Depreciation 112,500
Building 375,000
To close A/D of Building.
Jan. 14 Cash 111,000
Mortgage Payable 240,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Property and Equipment 453,000
To record Property and Equipment.
Jan. 20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record payment of accounts.
Jan. 20 Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record deficiency in Masinsin's Capital.
Jan. 20 Biore, Capital 3,400
Tugade, Capital 3,400
To record deficiency in Tugade's Capital.
Jan. 24 Cash 127,500
Biore, Capital 127,500
To record the distribution of cash.
-ARAMINA C. ALBAT-BSA-1A
Problem #13
ReplyDelete2015
Jan. 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Collection of Receivables.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Sale of Inventories.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund for Prepaid Insurance.
14 Cash 111,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Mortgage Payable 240,000
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Sale of assets.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment of liabilities.
/ Tugade, Capital 31,600
Biore, Capital 15,680
Masinsin, Capital 47,040
Deficit absorbed by Tugade
and Biore.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Deficit absorbed by Biore.
24 Biore, Capital 127,500
Cash 127,500
Final cash distribution.
Rayñel Ed L. Dacuno BSA-1A
ReplyDeleteJan. 6 Cash 151,500
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Accounts Receivable 189,600
To close accounts receivable and to record cash.
/ Allowance for Doubtful Accounts 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
To record the write-off of doubtful accounts.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record the sale of merchandise inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
To close prepaid insurance and record the refunded cash.
14 Cash 111,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Accum. Dep'n - Office Equipment 10,500
Accum. Dep'n - Machinery 32,100
Accum. Dep'n - Building 112,500
Mortgage Payable 240,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
Land 120,000
To record the sale of property and equipment with mortgage.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payment of liabilities.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
To record the contributions of partners for deficiency of Masinsin.
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the contributions of Biore for deficiency of Tugade.
24 Biore, Capital 127,500
Cash 127,500
To record the cash given to Biore.
CLARISSA S. VALERIO BSA 1A
ReplyDeleteJOURNAL ENTRIES
2015
Jan 6 Cash 151,500
AUA 11,100
T, Capital 10,000
M, Capital 10,000
B, Capital 5,400
A/R 188,000
Collection and write off of A/R.
9 Cash 160,500
T, Capital 53,040
M, Capital 53,040
B, Capital 26,520
M/I 293,100
Sale of inventory.
11 Cash 3,000
T, Capital 2,400
M, Capital 2,400
B, Capital 1,200
Prepaid Insurance 9,000
Refund of prepaid insurance.
14 Cash 111,000
Mortgage Payable 240,000
Accumulated Dep. –OE 10,500
Accumulated Dep. –Mach. 32,100
Accumulated Dep. –Bldg. 112,500
T, Capital 40,000
M, Capital 40,000
B, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of Property & equipment.
20 Notes payable 120,000
Accounts payable 220,500
Cash 340,500
Payment of Liabilities.
/ T, Capital 31,360
B, Capital 15,680
M, Capital 47,040
Absorption of loss.
/ B, Capital 3,400
T, Capital 3,400
Absorption of loss.
24 B, Capital 127,500
Cash 127,500
Distribution of Balance.
Jan. 6 Cash 151,000
ReplyDeleteAllowance for Uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Collection of
accounts receivable.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Sale of mercahndise
inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund for prepaid
insurance.
14 Cash 111,000
Accum. Dep'n- Office Equipment 10,500
Accum. Dep'n- Machinery 32,100
Accum. Dep'n- Building 112,500
Mortgage Payable 240,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Office Equipment 31,500
Machinery 81,600
Building 375,000
Land 120,000
Sale of property
and equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment to creditors.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of deficit
of Masinsin's capital.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption of deficit of
Tugade's capital.
24 Biore, Capital 127,500
Cash 127,500
Distribution of remaining
cash to Biore.
Añora, Karl Joshua C. BSA-1A
Pronlem 13
ReplyDeleteJan. 16 Cash 151 500
Allowance for Uncollectible Accounts 11 100
Tugade, Capital 10 800
Masinsin, Capital 10 800
Biore, Capital 5 420
Accounts Receivable 189 600
Accounts Receivable
are collected
9 Cash 160 500
Tugade, Capital 53 040
Masinsin, Capital 53 040
Biore, Capital 26 520
Merchandise Inventory 293 100
Sale of Merchandise Inventory
11 Cash 3 000
Tugade, Capital 2 400
Masinsin, Capital 2 400
Biore, Capital 1 200
Prepaid Insurance 9 000
Refund on Prepaid Insurance
14 Cash 111 000
Tugade, Capital 40 800
Masinsin, Capital 40 800
Biore, Capital 20 400
Accumulated Depreciation - Office Equipment 10 500
Accumulated Depreciation - Machinery 32 100
Accumulated Depreciation - Building 112 500
Land 120 000
Office Equipment 31 500
Machinery 81 600
Building 375 000
Sale of Property
20 Accounts Payable 220 500
Notes Payable 120 000
Cash 340 500
Settlement of Liabilities
/ Tugade, Capital 31 360
Biore, Capital 15 680
Masinsin, Capital 47 040
Additional Loss to Tugade and Biore
/ Biore, Capital 3 400
Tugade, Capital 3 400
24 Biore, Capital 127 500
Cash 127 500
Distribution of remaining cash
- Camarines, Sheryl T.
BSA 1A
2015
ReplyDeleteJan 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade,Capital. 10,800
Masinsin,Capital 10,800
Biore,Capital 5,400
Acoounts Receivable 189,600
Collection of Accounts Receivable
9 CASH 160,500
Tugade,Capital 53,040
Masinsin,Capital 53,040
Biore,Capital 26,520
Merchandise Inventory 293,100
Sale of Merchandise Inventory
11 Cash 3,000
Tugade,Capital 2,400
Masinsin,Capital 2,400
Biore,Capital 1,200
Prepaid insurance 9,000
Refund of Prepaid Insurance
14 Cash 111,000
Mortgage Payable 240,000
Accumulated Depreciation office equipment 10,500
Accumulated Depreciation machinery 32,100
Accumulated Depreciation building 112,500
Tugade,Capital 40,800
Masinsin,Capital 40,800
Biore,Capital 20,400
LAnd 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of Property and Equipment
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment of Liabilities
✔ Tugade,Capital 31,360
Biore,Capital 15,680
Masinsin,Capital 47,040
Absorption of Loss of Partner
✔ Biore,Capital 3,400
Tugade,Capital 3,400
Absorption of Loss of Partner
24 Biore,Capital 127,500
Cash 127,500
Distribution of Cash to Partner
----Romell Jimboy Belano BSA 1B
2015
ReplyDeleteJan 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade,Capital. 10,800
Masinsin,Capital 10,800
Biore,Capital 5,400
Acoounts Receivable 189,600
Collection of Accounts Receivable
9 CASH 160,500
Tugade,Capital 53,040
Masinsin,Capital 53,040
Biore,Capital 26,520
Merchandise Inventory 293,100
Sale of Merchandise Inventory
11 Cash 3,000
Tugade,Capital 2,400
Masinsin,Capital 2,400
Biore,Capital 1,200
Prepaid insurance 9,000
Refund of Prepaid Insurance
14 Cash 111,000
Mortgage Payable 240,000
Accumulated Depreciation office equipment 10,500
Accumulated Depreciation machinery 32,100
Accumulated Depreciation building 112,500
Tugade,Capital 40,800
Masinsin,Capital 40,800
Biore,Capital 20,400
LAnd 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of Property and Equipment
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment of Liabilities
✔ Tugade,Capital 31,360
Biore,Capital 15,680
Masinsin,Capital 47,040
Absorption of Loss of Partner
✔ Biore,Capital 3,400
Tugade,Capital 3,400
Absorption of Loss of Partner
24 Biore,Capital 127,500
Cash 127,500
Distribution of Cash to Partner
----Romell Jimboy Belano BSA 1B
2015
ReplyDeleteJan 6 Cash 151500
Allowance for Uncollectible Accounts 11100
Tugade, Capital 10800
Masinsin, Capital 10800
Biore, Capital 5400
Accounts Receivable 189600
Collection of receivables and writing off of
Uncollectible Accounts
9 Cash 160500
Tugade, Capital 53040
Masinsin, Capital 53040
Biore, Capital 26520
Merchandise Inventory 293100
Sale of Inventory
11 Cash 3000
Tugade, Capital 2400
Masinsin, Capital 2400
Biore, Capital 1200
Prepaid Insurance 9000
Refund of Prepaid Insurance
14 Cash 111000
Mortgage Payable 240000
Accu. Depreciation- Office Eqpt. 10500
Accu. Depreciation- Machinery 32100
Accu. Depreciation- Building 112500
Tugade, Capital 40000
Masinsin, Capital 40000
Biore, Capital 20400
Land 120000
Equipment 31500
Machinery 81600
Building 375000
Sale of properties
20 Notes Payable 120000
Accounts Payable 220500
Cash 340500
Payment to Creditors
20 Tugade, Capital 31360
Biore, Capital 15680
Masinsin, Capital 47040
Absorption of Capital Deficiency
20 Biore, Capital 3400
Tugade, Capital 3400
Absorption of Capital Deficiency
24 Biore, Capital 127520
Cash 127520
Distribution to Biore
FLORENDO, ALDWIN Q. BSA-1A
ReplyDelete2015
Jan. 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Accounts receivable is collected and allowance is written
off.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise inventory 293,100
Merchandise inventory is sold.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid insurance 9,000
Prepaid insurance was refunded.
14 Cash
Mortgage Payable
Tugade, Capital
Masinsin, Capital
Biore, Capital
Land
Office equipment
Machinery
Building
Property and equipment were sold and mortgage payable
was transferred.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Paid creditors.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin,Capital 47,040
Deficit in Masinsin's capital account was absorbed.
/ Biore, Capital 3,400
Tugade,Capital 3,400
Deficit in Tugade's capital account was absorbed.
/ Biore,Capital 127,500
Cash 127,500
Distribution of cash.
Jan 6 cash 151,500
ReplyDeleteAllowance for uncollectible accounts 11,100
Tugade,capital 10,800
masinsin,capital 10,800
Biore,capital 5,400
Accounts receivable 189,600
to record collected
accounts receivable
9 cash 160,500
Tugade,capital 53,040
Masinsin,capital 53,040
Biore,capital 26,250
Merchandise inventory 293,000
to record sale of merchandise
11 Cash 3,000
Tugade,capital 2,400
Masinsin,capital 2,400
Biore,capital 200
Prepaid Insurance 9,000
to record refund of insurance
14 cash 111.000
Mortgage,payable 240,000
Tugade,capital 40,800
Masinsin,capital 40,800
Biore,capital 20,400
land 120,000
Office Equipment 21,000
machinery 49,500
Building 262,500
to record sale of property
and equipment
20 Notes payable 120,000
Accounts payable 220,500
Cash 340,500
to record payment of liability
/ Tugade,capital 31,360
Biore,capital 15,680
Masinsin,capital 47,040
to record absorption of deficit
/ Biore,capital 3,400
Tugade,capital 3,400
to record absorption of deficit
24 Biore,capital 127,500
cash 127,500
to record distribution of cash.
PROBLLEM 13
ReplyDelete2015
Jan.6
Allowance for doubtful accounts 11,000
Tugane,capital 10,800
Masinsin,capital 10,800
Biore,capital 5,400
Accounts receivable 38,100
ADA written off.
Cash 151,50
Tugane,capital 60,600
MAsinsin,capital 60,600
Biore,capital 30,300
cOllection of accounts receivable
9 Cash 160,500
T,capital 53,040
M,capital 53,040
B,capital 26,520
Merchandise Inventory 293,000
11 Cash 3,000
T,capital 2,400
M,capital 2,400
B,capital 1,200
Prepaid Insurance 9,000
14 Cash 111,000
T,capital 136,800
M,capital 136,800
B,capitral 68,400
Property and Equipment 453,000
Mortgage Payable 240,000
Cash 240,000
20 Notes Payable 120,000
Accounts pyable 220,500
Cash 340,500
T,capital 101,820
B,capital 101,820
M,capital 203,640
B,capital 230,460
T,capital 230,460
24 B,capital 112,500
CASh 112,500
JANICA A. DE VEYRA BSA 1-
PROBLLEM 13
ReplyDelete2015
Jan.6
Allowance for doubtful accounts 11,000
Tugane,capital 10,800
Masinsin,capital 10,800
Biore,capital 5,400
Accounts receivable 38,100
ADA written off.
Cash 151,50
Tugane,capital 60,600
MAsinsin,capital 60,600
Biore,capital 30,300
cOllection of accounts receivable
9 Cash 160,500
T,capital 53,040
M,capital 53,040
B,capital 26,520
Merchandise Inventory 293,000
11 Cash 3,000
T,capital 2,400
M,capital 2,400
B,capital 1,200
Prepaid Insurance 9,000
14 Cash 111,000
T,capital 136,800
M,capital 136,800
B,capitral 68,400
Property and Equipment 453,000
Mortgage Payable 240,000
Cash 240,000
20 Notes Payable 120,000
Accounts pyable 220,500
Cash 340,500
T,capital 101,820
B,capital 101,820
M,capital 203,640
B,capital 230,460
T,capital 230,460
24 B,capital 112,500
CASh 112,500
JANICA A. DE VEYRA BSA 1-
Problem #13
ReplyDeleteJan 6 Cash 151,500
Allowance for Uncollectable Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
11 Cash 3,000
Prepaid Insurance 3,000
14 Cash 111,000
Mortgage Payable 240,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Biore, Capital 3,400
Tugade, Capital 3,400
24 Tugade, Capital 127,500
Cash 127,500
Jan 6 Cash 151500
ReplyDeleteAllowance for Uncollectible Accounts 11100
Tugade, Capital 10800
Masinsin, Capita 10800
Biore, Capital 5400
Accounts Receivable 189600
Collection of Accounts Receivable
9 Cash 160500
Tugade, Capital 53040
Masinsin, Capital 53040
Biore, Capital 26520
Merchandise Invetnory 293100
Sale of Merchandise
Inventory
11 Cash 3000
Tugade, Capital 2400
Masinsin, Capital 2400
Biore, Capital 1200
Prepaid Insurance 9000
Refund on Prepaid
Insurance
14 Cash 111000
Mortgage Payable 240000
Accumulated Depreciation- OE 10500
Accumulated Depreciation- Machinery 32100
Accumulated Depreciation- Building 112500
Tugade, Capital 40800
Masinsin, Capital 40800
Biore, Capital 20400
Land 120000
Office Equipment 31500
Machinery 81600
Building 375000
Sale of Property and
Equipment and transfer of Mortgage
Payable to the buyer
20 Notes Payable 120000
Accounts Payable 220500
Cash 340500
Payment of remaining
Liabilities
/ Tugade, Capital 31360
Biore, Capital 15680
Masinsin, Capital 47040
Absorption of capital
of deficient partner
/ Biore, Capital 3400
Tugade, Capital 3400
Absorption of capital of
deficient partner
/ Biore, Capital 127500
Cash 127500
Payment to Biore
Aaron John C. Añora BSA-1B
GUIRA KESLEY ANNE A. BSA 1B
ReplyDeleteProblem#13
2015
Jan. 6 Cash 151 500
Loss on Realization 38 100
Accounts Receivable 189 600
To record the receivable collected.
/ Tugade Capital 15 240
Masinsin Capital 15 240
Biore Capital 7620
Loss on Realization 38 100
To record the loss receive by each partner.
/ Allowance for uncollectible accounts 11 100
Tugade Capital 4 440
Masinsin Capital 4 440
Biore Capital 2 220
To close the allowance for doubtful accounts.
9 Cash 160 500
Loss on Realization 132 500
Merchandise Inventory 293 100
To record the merchandise sold.
/ Tugade Capital 53 040
Masinsin Capital 53 040
Biore Capital 26 520
Loss on Realization 132 500
To record the loss receive by each partner.
11 Tugade Capital 1 200
Masinsin Capital 1 200
Biore Capital 600
Prepaid Expenses 3 000
To record the refund on prepaid expenses.
14 Cash 111 000
Loss on Realization 342 000
Property and Equipment 453 000
To record the property and equipment sold.
/ Tugade Capital 136 800
Masinsin Capital 136 800
Biore Capital 68 400
Loss on Realization 342 000
To record the loss receive by each partner.
/ Mortgage Payable 240 000
Tugade Capital 96 000
Masinsin Capital 96 000
Biore Capital 48 000
To record the mortgage payable transferred to sibug company.
20 Liabilities 340 500
Cash 340 000
To record the payment of liabilities.
/ Tugade Capital 30 560
Biore Capital 15 280
Masinsin Capital 45 840
To record the absorption by Tugade and Biore of Masinsin deficit capital.
/ Biore Capital 1 400
Tugade Capital 1 400
To record the absorption by Biore of Tugade deficit Capital.
24 Biore Capital 130 500
Cash 130 500
To record the cash distributed to Biore.
Problem #13
ReplyDeleteJan 6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
14 Cash 111,000
Mortgage Payable 240,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Biore, Capital 3,400
Tugade, Capital 3,400
24 Tugade, Capital 127,500
Cash 127,500
Go Yvette
ReplyDeleteJan. 6 cash 151 500
Allowance of doubtful account 49 200
Accounts receivable 200 700
Accounts receivable is collected.
Jan. 9 cash 160 500
Loss of realization 132 600
Merchandise 293 100
Sold merchandise.
Tugate, capital 53 040
Masinsin 53 040
Biore, capital 26 520
Loss of realization 132 600
Distribution of loss on realization.
Cash 3 000
Prepaid insurance 3 000
Sold prepaid insurance.
Jan. 14 cash 111 000
Property and equipment 111 000
Sold property and equipment.
Mortgage payable 240 000
Tugate, capital 96 000
Masinsin 96 000
Biore, capital 48 000
Sold to sibug.
Jan. 20 liabilities 340 000
Cash 340 000
Payment of liabilities.
Tugate, capital 34 320
Biore, capital 17 160
Masinsin, capital 51 480
Masinsin’s capital deficit was absorbed by tugate and biore.
Biore, capital 10 800
Tugate, capital 10 800
Tugate’s capital deficit was absorbed by Biore.
Jan. 24 Biore, capital 116 400
Cash 116 400
Distribution of remaining cash.
-Nicudemus Carlou D. Capellan BSA 1B :)
ReplyDeleteProblem 13
Jan. 6 Cash 151 500
Allowance for Uncollectible Accounts 11 100
Tugade Capital 10 800
Masinsin Capital 10 800
Biore Capital 5 400
Accounts Receivable 189 600
Collection of Accounts Receivable.
Jan. 9 Cash 160 500
Tugade Capital 53 040
Masinsin Capital 53 040
Biore Capital 26 520
Merchandise Inventory 203 100
Sold merchandise inventory.
Jan. 11 Cash 3 000
Tugade Capital 2 400
Masinsin Capital 2 400
Biore Capital 1 200
Prepaid Insurance 9 000
Refund of prepaid insurance.
Jan. 14 Cash 111 000
Mortgage Payable 240 000
Accu. Dep. - Eqpt 10 500
Accu. Dep. - Machinery 32 100
Accu. Dep. - Bldg. 112 500
Tugade Capital 40 800
Masinsin Capital 40 800
Biore Capital 20 400
Land 120 000
Machinery 81 600
Equipment 31 500
Building 375 000
Sold Property and equipment.
Jan. 20 Accounts Payable 120 000
Notes Payable 220 500
Cash 340 500
Payment of liabilities.
/ Tugade Capital 31 360
Biore Capital 15 680
Masinsin Capital 47 040
Absorption of loss from partner Masinsin.
/ Biore Capital 3 400
Tugade Capital 3 400
Absorption of loss from partner Biore.
/ Tugade Capital 127 500
Cash 127 500
Payment of remaining cash to remaining partners.
Sol.
Tugade Masinsin Biore
135 000 60 000 200 100
(20 800) (10 800) ( 5 400)
(53 040) (53 040) (26 520)
( 2 400) ( 2 400) ( 1 200)
(40 800) (40 800) ( 20 400)
(31 360 ( 15 680)
( 3 400)
-------------------------------------------------------
( 3 400) (47 040) 127 500
3 400 47 040 (127 500) <--------- payment.
--------------------------------------------------------
--------------------------------------------------------
MARAYA,LIZETTE B. BSA-1A
ReplyDeletePROBLEM #13
2015
Jan 06 cash 151,500
allowance for doubtful account 11,100
tugade,capital 10,800
masinsin,capital 10,800
biore,capital 5,400
accounts receivable 189,600
realization of account receivable
09 cash 160,500
tugade,capital 53,040
masinsin,capital 53,040
biore,capital 26,520
merchandise inventory 293,100
realization of merchandise inventory
11 cash 3,000
tugade,capital 2,400
masinsin,capital 2,400
biore,capital 1,200
prepaid expense 9,000
refund for prepaid expense
14 cash 111,000
accumulated depreciation-office equipment 10,500
accumulated depreciation-machinery 32,100
accumulated depreciation-building 112,500
tugade,capital 136,800
masinsin,capital 136,800
biore,capital 68,400
land 120,000
office equipment 31,500
machinery 81,600
building 375,000
realization of property and equipment
14 morgage payable 240,000
tugade,capital 96,000
masinsin,capital 96,000
biore,capital 48,000
transferred of mortgage to sibug company
20 notes payable 120,000
account payable 220,500
cash 340,500
payment of liabilities
20 tugade,capital 31,360
biore,capital 15,680
masinsin,capital 47,040
additional loss to tugade and biore
20 biore,capital 3,400
tugade,capital 3,400
additional loss to biore
24 biore,capital 127,500
cash 127,500
payment of cash to biore
Cash Accounts Receivable Allowance for Uncollectible Accounts Merchandise Inventory Prepaid Insurance Land Office Equipment Accumulated Depreciation –
ReplyDeleteOffice Equipment Machinery Accumulated Depreciation –
Machinery Building Accumulated Depreciation – Building Notes Payable Accounts Payable Mortgage Payable Tugade, Capital Masinsin, Capital Biore, Capital
Profit/ Loss Ratio 40% 40% 20%
Balances Before Liquidation 42, 000 189,600 11,100 293,100 9,000 120,000 31,500 10,500 81,600 32,100 375,000 112,500 120,000 220,500 240,000 135,000 60,000 200,100
Sales of Non – Cash Assets 426,000 (189,600) (11,100) (293,100) (9,000) (120,000) (31,500) (10,500) (81,600) (32,100) (375,000) (112,500) (240,000) (107,040) (107,040) (53,520)
Balances
Payment of Liabilities 468,000
(340,500) 120,000
(120,000) 220,500
(220,500) 28,040 (47,040) 146,580
Balances
Additional Losses Tugade and Biore 127,500 28,040
(31,360) (47,040)
47,040 146,560
(15,680)
Balances
Additional Losses to Biore 127,500 (3,320)
3,320 130,880
(3,320)
Balances
Payments to Partners 127,500
(127,500) 127,560
127,500
Date
2015 Account Title Debit Credit
January 6 Cash
Allowance for Uncollectible Accounts
Loss on Realization
Accounts Receivable
Collection of Accounts Receivable. 151, 500
11,100
27,000
189,600
9 Cash
Loss on Realization
Merchandise Inventory
Merchandise Inventory sold. 160,500
132,600
293,100
11 Cash
Loss on Realization
Prepaid Insurance
Refund on prepaid insurance. 3,000
6,000
9,000
14 Cash
Loss on Realization
Mortgage Payable
Accumulated Depreciation – Office Equipment
Accumulated Depreciation - Machinery
Accumulated Depreciation – Building
Land
Office Equipment
Machinery
Building
Property and equipment were sold. 111,000
102,000
240,000
10,500
32,100
112,500
120,00
31,500
81,600
375,000
20 Notes Payable
Accounts Payable
Cash
Payment of liabilities. 120,000
220,500
340,500
20 Tugade, Capital
Biore,Capital
Masinsin, Capital
Deficit of Masinsin was absorbed by solvent partners, 31,360
15,680
47,040
20 Biore, Capital
Tugade, Capital
Deficit of Tugade was absorbed by Biore. 3,320
3,320
24 Biore, Capital
Cash
Remaining cash was given to Biore. 127,500
127,500
Date
ReplyDelete2015
Jan.6 Cash 151,500
Allowance for Uncollectible Accounts 11,100
Tugade, Capital 10,000
Masinsin, Capital 10,000
Biore, Capital 5,400
Accounts Receivable 189,600
Collection of Accounts Receivable
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Sale of Inventory
11 Cash 3,000
Tugade,Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund of Prepaid Insurance
14 Cash 111,000
Mortgage Payable 240,000
Accumulated Depreciation of Office Equipment 10,500
Accumulated Depreciation of Machinery 32,100
Accumulated Depreciation Building 112,500
Tugade, Capital 40,000
Masinsin, Capital 40,000
Biore, Capital 20,400
Land 120,000
Equipment 31,500
Machinery 81,600
Building 375,000
Sale of P.P.E
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
Payment of Liabilities
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of loss
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption
24 Biore, Capital 127,500
Cash 127,500
Distribution
Jill Fritz Dale C. Dela Cruz BSA-1B :)
Problem # 13
ReplyDelete2015
6-Jan Cash 151,500
Allowance for Unollectible Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Recievable 189,600
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Caital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
14 Cash 111,000
Mortgage Payable 240,000
Accu. Depreciation-Office Equipment 10,500
Accu. Depreciation-Machinery 32,100
Accu. Depreciation-Building 112,500
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
/ Tugade,Capital 31,360
Biore, Capital 15,680
Masinsin,Capital 47,040
/ Biore, Capital 3,400
Tugade, Capital 3,400
24 Biore, Capital 127,500
Cash 127,500
2015
ReplyDeleteJan 6
Cash 151,500
AUA 11,100
T CAP. 10,800
B CAP. 10,800
B, CAP 5,400
A/R 189,600
JAN 9
CASH 160,500
T CAP 53,040
M CAP 53,040
B CAP 26,520
MI 293,100
Jan11
Cash 3,000
T, cap 2,400
M cap 2,400
M, cap 1,200
Prepaid insurance 9,000
Jan 14
Cash 111,000
M/p 240,000
A/d office equip. 10,500
A/d machinery 32,100
A/d bldg. 112,500
T, cap 40,800
M, cap 40,800
B cap 20,400
LAnd 120,000
Equip. 31,500
Machinery 81,600
Bldg. 375,000
Jan 20
N/p 120,000
A/p 220,500
Cash 340,500
✔ t, cap 31,360
B, cap 15,680
M,cap 47,040
✔ b,cap 3,400
T,cap 3,400
Jan 24
B, cap 127,500
Cash 127,500
---Romelee Velasco Bsa-1B :)
joshua amiel davocol bsa-1b
ReplyDeleteDate
2015
Jan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Allowance for Doubtful Accounts 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
Cash 151,500
Loss on Realization 38,100
Accounts Receivable 189,600
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Loss on Realization 38,100
Jan. 9 Cash 160,500
Loss on Realization 132,600
Merchandise Inventory 293,100
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Loss on Realization 132,600
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Jan. 14 Accumulated Depreciation – Office Equipment 10,500
Accumulated Depreciation – Machinery 32,100
Accumulated Depreciation – Building 112,500
Tugade, Capital 62,040
Masinsin, Capital 62,040
Biore, Capital 31,020
Cash 111,000
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
Jan. 20 Accounts Payable 220,500
Notes Payable 120,000
Cash 340,500
Biore, Capital 91,800
Masinsin, Capital 91,800
Biore, Capital 138,600
Cash 13,860
MARY ANN DOLOR BSA-1B
ReplyDeleteDate
2015
Jan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Allowance for Doubtful Accounts 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
Cash 151,500
Loss on Realization 38,100
Accounts Receivable 189,600
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Loss on Realization 38,100
Jan. 9 Cash 160,500
Loss on Realization 132,600
Merchandise Inventory 293,100
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Loss on Realization 132,600
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Jan. 14 Accumulated Depreciation – Office Equipment 10,500
Accumulated Depreciation – Machinery 32,100
Accumulated Depreciation – Building 112,500
Tugade, Capital 62,040
Masinsin, Capital 62,040
Biore, Capital 31,020
Cash 111,000
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
Jan. 20 Accounts Payable 220,500
Notes Payable 120,000
Cash 340,500
Biore, Capital 91,800
Masinsin, Capital 91,800
Biore, Capital 138,600
Cash 13,860
GINA BERTULFO BSA-1B
ReplyDeleteDate
2015
Jan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Allowance for Doubtful Accounts 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
Cash 151,500
Loss on Realization 38,100
Accounts Receivable 189,600
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Loss on Realization 38,100
Jan. 9 Cash 160,500
Loss on Realization 132,600
Merchandise Inventory 293,100
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Loss on Realization 132,600
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Jan. 14 Accumulated Depreciation – Office Equipment 10,500
Accumulated Depreciation – Machinery 32,100
Accumulated Depreciation – Building 112,500
Tugade, Capital 62,040
Masinsin, Capital 62,040
Biore, Capital 31,020
Cash 111,000
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
Jan. 20 Accounts Payable 220,500
Notes Payable 120,000
Cash 340,500
Biore, Capital 91,800
Masinsin, Capital 91,800
Biore, Capital 138,600
Cash 13,860
kristy avila bsa-1b
ReplyDeleteDate
2015
Jan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Allowance for Doubtful Accounts 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
Cash 151,500
Loss on Realization 38,100
Accounts Receivable 189,600
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Loss on Realization 38,100
Jan. 9 Cash 160,500
Loss on Realization 132,600
Merchandise Inventory 293,100
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Loss on Realization 132,600
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Jan. 14 Accumulated Depreciation – Office Equipment 10,500
Accumulated Depreciation – Machinery 32,100
Accumulated Depreciation – Building 112,500
Tugade, Capital 62,040
Masinsin, Capital 62,040
Biore, Capital 31,020
Cash 111,000
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
Jan. 20 Accounts Payable 220,500
Notes Payable 120,000
Cash 340,500
Biore, Capital 91,800
Masinsin, Capital 91,800
Biore, Capital 138,600
Cash 13,860
Christine Tumandao BSA-1B
ReplyDeleteDate
2015
Jan. 6 Cash 151,500
Allowance for Doubtful Accounts 11,100
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
Allowance for Doubtful Accounts 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
Cash 151,500
Loss on Realization 38,100
Accounts Receivable 189,600
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Loss on Realization 38,100
Jan. 9 Cash 160,500
Loss on Realization 132,600
Merchandise Inventory 293,100
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Loss on Realization 132,600
Jan. 11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Jan. 14 Accumulated Depreciation – Office Equipment 10,500
Accumulated Depreciation – Machinery 32,100
Accumulated Depreciation – Building 112,500
Tugade, Capital 62,040
Masinsin, Capital 62,040
Biore, Capital 31,020
Cash 111,000
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
Jan. 20 Accounts Payable 220,500
Notes Payable 120,000
Cash 340,500
Biore, Capital 91,800
Masinsin, Capital 91,800
Biore, Capital 138,600
Cash 13,860
Jan 6 Allowance for Uncollectible Accounts 11,100
ReplyDeleteCash 151,500
Tugade, Capital 10,800
Biore, Capital 10,800
Masinsin, Capital 5,400
Accounts Receivable 189,600
To record the collection of Accounts Receivable
9 Cash 160,500
Tugade, Capital 53,040
Biore, Capital 53,040
Masinsin, Capital 26,520
Merchandise Inventory 293,100
To record Sale of Merchandise Inventory
11 Cash 3,000
Prepaid Insurance 3,000
To record refund of Prepaid Insurance
14 Acuu. Dep’n-Equipt 10,500
Acuu. Dep’n- Machinery 32,100
Acuu. Dep’n-Bldg. 112,500
Equipment 10,500
Machinery 32,100
Building 112,500
To record elimination of Depreciation
/ Cash 111,000
Mortgage Payable 240,000
Tugade, Capital 43,200
Biore, Capital 43,200
Masinsin, Capital 21,600
Non-Cash Asset 459,000
To record sale of Remaining Non-Cash Asset
20 Liabilities 340,500
Cash 340,500
To record Payment of Liabilities
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinisn, Capital 47,040
To Record the absorption of deficiency of Masinsin
/ BIore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency of Tugade
/ Biore, Capital 127,500
Cash 127,500
To record final distribution of Cash
non name???
DeletePROBLEM # 13
ReplyDelete2015
Jan. 6 Cash 151,000
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Allowance for Doubtful Accounts 11,100
Accounts Receivable 189,600
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Capital 2,220
Accounts receivable is
collected and Allowance
for doubtful account is written
off.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
Merchandise Inventory
is sold.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund on the Prepaid
Insurance.
14 Cash 111,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Mortgage Payable 240,000
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Property and Equipment
were sold and mortgage on
the building was transferred
to Sibug.
20 Notes Payable 120,000
Accounts Payable 220,000
Cash 340,000
Remaining creditors
were paid in full.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of deficit.
/ Biore, Capital 3,400
Tugade, capital 3,400
Absorption of deficit.
24 Biore, Capital 127,500
Cash 127,500
Remaining cash is
distributed to Biore.
CAUNTE, JAYMAR M. BSA 1-A
ReplyDeleteJan 6 Allowance for Uncollectible Accounts 11,100
Cash 151,500
Tugade, Capital 10,800
Biore, Capital 10,800
Masinsin, Capital 5,400
Accounts Receivable 189,600
To record the collection of Accounts Receivable
9 Cash 160,500
Tugade, Capital 53,040
Biore, Capital 53,040
Masinsin, Capital 26,520
Merchandise Inventory 293,100
To record Sale of Merchandise Inventory
11 Cash 3,000
Prepaid Insurance 3,000
To record refund of Prepaid Insurance
14 Acuu. Dep’n-Equipt 10,500
Acuu. Dep’n- Machinery 32,100
Acuu. Dep’n-Bldg. 112,500
Equipment 10,500
Machinery 32,100
Building 112,500
To record elimination of Depreciation
14 Cash 111,000
Mortgage Payable 240,000
Tugade, Capital 43,200
Biore, Capital 43,200
Masinsin, Capital 21,600
Non-Cash Asset 459,000
To record sale of Remaining Non-Cash Asset
20 Liabilities 340,500
Cash 340,500
To record Payment of Liabilities
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinisn, Capital 47,040
To Record the absorption of deficiency of Masinsin
/ BIore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency of Tugade
/ Biore, Capital 127,500
Cash 127,500
To record final distribution of Cash
ABIGAEL D. DACDAC BSA-1B
ReplyDeletePROBLEM # 13: PG.4 - 45
PREPARATION OF JOURNAL ENTRIESFOR PARTNERSHIP LIQUIDATION
2105
Jan. 6 Cash 151,500
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Accounts Receivable 189,600
Accounts receivable is
collected.
/ Allowance for Doubtful Acccount 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Caoital 2,220
Allowance for doubtful
account is written off.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,250
Merchandise Inventory 293,100
Sale of merchandise
inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
A refund on prepaid
insurance.
14 Cash 111,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Mortgage Payable 240,000
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Sale of property and
equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
The remaining
creditors were paid.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of deficit.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption of deficit.
24 Biore, Capital 127,000
Cash 127,000
Cash distribution
to partners.
ABIGAEL D. DACDAC BSA-1B
ReplyDeletePROBLEM # 13: PG.4 - 45
PREPARATION OF JOURNAL ENTRIESFOR PARTNERSHIP LIQUIDATION
2105
Jan. 6 Cash 151,500
Tugade, Capital 15,240
Masinsin, Capital 15,240
Biore, Capital 7,620
Accounts Receivable 189,600
Accounts receivable is
collected.
/ Allowance for Doubtful Acccount 11,100
Tugade, Capital 4,440
Masinsin, Capital 4,440
Biore, Caoital 2,220
Allowance for doubtful
account is written off.
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,250
Merchandise Inventory 293,100
Sale of merchandise
inventory.
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
A refund on prepaid
insurance.
14 Cash 111,000
Tugade, Capital 40,800
Masinsin, Capital 40,800
Biore, Capital 20,400
Mortgage Payable 240,000
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
Sale of property and
equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
The remaining
creditors were paid.
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinsin, Capital 47,040
Absorption of deficit.
/ Biore, Capital 3,400
Tugade, Capital 3,400
Absorption of deficit.
24 Biore, Capital 127,000
Cash 127,000
Cash distribution
to partners.
Mariemar P. Pretencio BSA 1B
ReplyDeleteJanuary 6 Cash 151,500
Tugade,Capital 15,240
Masinsin.Capital 15,240
Biore,Capital 7,620
Accounts Recievable 189,600
To close accounts receivable
/ Allowance for Uncollectible Accounts 11,100
Tugade,Capital 4,440
Masinsin.Capital 4,440
Biore,Capital 2,220
To written off the allowance for uncollectible accounts.
9 Cash 160,500
Tugade.Capital 53,040
Masinsin.Capital 53,040
Biore,Capital 26,520
Merchandise Inventory 293,100
To record the seeling of inventory.
11 Cash 3,000
Tugade,Capital 2,400
Masinsin,Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of insurance.
14 Cash 111,000
Mortgage Payable 240,000
Tugade,Capital 40,800
Masinsin,Capital 40,800
Biore,Capital 20,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
To record the selling of property and equipment.
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,000
To record the payment of liabilities.
/ Tugade,Capital 31,360
Biore,Capital 23,520
Masinsin,Capital 47,040
To record the absorbtion of Masinsin.
/ Biore,Capital 3,400
Tugade,Capital 3,400
To record the absorbtion of Tugade.
24 Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
Aina Mae Mijares BSA-1B
ReplyDeleteJanuary 6 Cash 151,500
Tugade,Capital 15,240
Masinsin.Capital 15,240
Biore,Capital 7,620
Accounts Recievable 189,600
to close accounts receivable
Allowance for Uncollectible Accounts 11,100
Tugade,Capital 4,440
Masinsin.Capital 4,440
Biore,Capital 2,220
to close a.u.a
9 Cash 160,500
Tugade.Capital 53,040
Masinsin.Capital 53,040
Biore,Capital 26,520
Merchandise Inventory 293,100
to record selling of inventory
11 Cash 3,000
Tugade,Capital 2,400
Masinsin,Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
to record closing of prepaid insurance
14 Cash 111,000
Tugade,Capital 136,800
Masinsin,Capital 136,800
Biore,Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
to record selling of non-cash assets
Mortgage Payable 240,000
Tugade,Capital 96,000
Masinsin,Capital 96,000
Biore,capital 48,000
to record mortgage payable
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,000
to pay liabilities
/ Tugade,Capital 31,360
Biore,Capital 15,680
Masinsin,Capital 47,040
to record absorption
/ Biore,Capital 3,400
Tugade,Capital 3,400
to record the absorption
24 Biore,Capital 127,500
Cash 127,500
to distribute cash
Shena Gerellana BSA-1B
ReplyDeleteJanuary 6 Cash 151,500
Tugade,Capital 15,240
Masinsin.Capital 15,240
Biore,Capital 7,620
Accounts Recievable 189,600
to record accounts receivable
Allowance for Uncollectible Accounts 11,100
Tugade,Capital 4,440
Masinsin.Capital 4,440
Biore,Capital 2,220
to close allowance of uncollectible accounts
9 Cash 160,500
Tugade.Capital 53,040
Masinsin.Capital 53,040
Biore,Capital 26,520
Merchandise Inventory 293,100
to record selling of inventory
11 Cash 3,000
Tugade,Capital 2,400
Masinsin,Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
to record prepaid insurance
14 Cash 111,000
Tugade,Capital 136,800
Masinsin,Capital 136,800
Biore,Capital 68,400
Land 120,000
Office Equipment 21,000
Machinery 49,500
Building 262,500
to record selling of non-cash assets
Mortgage Payable 240,000
Tugade,Capital 96,000
Masinsin,Capital 96,000
Biore,capital 48,000
to record mortgage payable
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,000
to pay liabilities
/ Tugade,Capital 31,360
Biore,Capital 15,680
Masinsin,Capital 47,040
to record absorption
/ Biore,Capital 3,400
Tugade,Capital 3,400
to record the absorption
24 Biore,Capital 127,500
Cash 127,500
to distribute cash
ALLYZON O. PADAON BSA-1B
ReplyDeleteJan 6 Allowance for Uncollectible Accounts 11,100
Cash 151,500
Tugade, Capital 10,800
Masinsin, Capital 10,800
Biore, Capital 5,400
Accounts Receivable 189,600
To record the collection of Accounts Receivable
9 Cash 160,500
Tugade, Capital 53,040
Masinsin, Capital 53,040
Biore, Capital 26,520
Merchandise Inventory 293,100
To record Sale of Merchandise Inventory
11 Cash 3,000
Tugade, Capital 2,400
Masinsin, Capital 2,400
Biore, Capital 1,200
Prepaid Insurance 9,000
Refund of Prepaid Insurance
14 Accu. Dep’n-Equipt 10,500
Accu. Dep’n- Machinery 32,100
Accu. Dep’n-Bldg. 112,500
Equipment 10,500
Machinery 32,100
Building 112,500
Elimination of Depreciation
14 Cash 111,000
Tugade, Capital 136,800
Masinsin, Capital 136,800
Biore, Capital 68,400
Non-Cash Asset 453,000
Sale of Remaining Non-Cash Asset
14 Mortgage Payable 240,000
Tugade, Capital 96,000
Masinsin, Capital 96,000
Biore, Capital 48,000
To record transfer of mortgage payable
20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record Payment of Liabilities
/ Tugade, Capital 31,360
Biore, Capital 15,680
Masinisn, Capital 47,040
To record the absorption of deficiency of Masinsin
/ Biore, Capital 3,400
Tugade, Capital 3,400
To record the absorption of deficiency of Tugade
/ Biore, Capital 127,500
Cash 127,500
To record final distribution of Cash
MARCELO T. GREFIEL III BSA-1B
ReplyDelete(PART I)
DATE ACCOUNT TITLE DEBIT CREDIT
Jan 2 Cash 151,500
Tugade,Capital 15,240
Masinsin,Capital 15,240
Biore,Capital 7,620
Account receivable 189,600
To record the collection of A/R.
/ ADA 11,100
Tugade,Capital 4,440
Masinsin,Capital 4,440
Biore,Capital 2,220
To record the write off of ADA.
(PART II)
ReplyDelete9 Cash 160,500
Tugade,Capital 53,040
Masinsin,Capital 53,040
Biore,Capital 26,520
Merchandise Inventory 293,100
To record the sale of MI.
11 Cash 3,000
Tugade,Capital 2,400
Masinsin,Capital 2,400
Biore,Capital 1,200
Prepaid Insurance 9,000
To record the refund of the prepaid insurance.
ReplyDelete14 Cash 111,000
A/D 155,100
Tugade,Capital 136,800
Masinsin,Capital 136,800
Biore,Capital 68,400
Land 120,000
Office Equipment 31,500
Machinery 81,600
Building 375,000
To record the sale of NCA.
/ Mortgage Payable
Tugade,Capital
Masinsin,Capital
Biore,Capital
To record the sale of M/P.
ReplyDelete(PART III)
Jan 20 Notes Payable 120,000
Accounts Payable 220,500
Cash 340,500
To record the payment of liabilities.
/ Tugade,Capital 31,360
Biore,Capital 15,680
Masinsin,Capital 47,040
To record additional loosses.
Marcon, Mae A.
ReplyDelete6.
Allowance for Uncollectible Accounts 11 000
Cash 151 500
Tugade, Capital 10 800
Masinsin, Capital 10 800
Biore, Capital 5 400
Accounts Receivable 189 600
9.
Cash 160 500
Tugade, Capital 53 040
Masinsin, Capital 53 040
Biore, Capital 26 250
Merchandise Inventory 293 100
11
Cash 3 000
Tugade, Capital 2 400
Masinsin, Capital 2 400
Biore, Capital 1 200
Prepaid Insurance 9 000
14.
Cash 111 000
Tugade, Capital 136 800
Masinsin, Capital 136 800
Biore, Capital 68 400
Accumulated Depreciation - Office Equipment 10 500
Accumulated Depreciation - Machinery 32 100
Accumulated Depreciation - Building 112 500
Land 120 000
Office Equipment 31 500
Machinery 81 600
Building 375 000
Mortgage Payable 240 000
Tugade, Capital 96 000
Masinsin, Capital 96 000
Biore, Capital 48 000
MARCELO T. GREFIEL III BSA-1B
ReplyDelete(PART IV-Last part)
Jan 20 Biore,Capital 3,400
Tugades,Capital 3,400
To record additional loss to Biore.
/ Biore,Capital 127,500
Cash 127,500
To record the distribution of cash.
Mary Mae C. Cesora BSA-1B
ReplyDeleteCash 151 500
Tugade, Capital 15 240
Masinsin, Capital 15 240
Biore, Capital 7 620
Accounts Receivable 189 600
To record the collection of accounts receivable.
Allowance for uncollectible accounts 11 100
Accounts Receivable 11 100
To record the collection of allowance for uncollectible accounts.
Cash 160 500
Tugade, Capital 53 040
Masinsin, Capital 53 040
Biore, Capital 26 520
Merchandise Inventory 293 100
To record the sale of merchandise.
Cash 3 000
Tugade, Capital 2 400
Masinsin Capital 2 400
Biore, Capital 1 200
Prepaid Insurance 9000
To record the refund of prepaid insurance.
Cash 111 000
Mortgage Payable 240 000
Tugade, Capital 40 000
MAsinsin, Capital 40 000
Biore, Capital 20 450
Land 120 000
Office Equipment 21 000
Machinery 49 500
Building 262 500
To record sale of property and equpment.
Notes Payable 120 000
Accounts Payable 220 500
Cash 340 500
To record settlement of payables.
Tugade, Capital 31 360
Biore, Capital 15 680
Masinsin, Capital 47 040
To record absorption of loss.
Biore Capital 3400
Tugade Capital 3 400
To record absorption of loss.
Biore, Capital 127 500
Cash 127 500
To record distribution of remaining cash.
AUA 11100
ReplyDeleteT,Capital. 10800
M,Capital 10800
B,Capital 5400
A/ R 189600
Collection of Accounts Receivable
9 Cash 160500
T,Capital 53040
M,Capital 53040
B,Capital 26520
Merchandise Invntry 293100
Sale of Merchandise Inventory
11 Cash 3000
T,Capital 2400
M,Capital 2400
B,Capital 1200
Prep. insurance 9000
Refund of Prepaid Insurance
14 Cash 111000
Mortgage Payble 240000
AD office equpment 10500
AD machinery 32100
AD building 112500
T,Capital 40800
M,Capital 40800
B,Capital 20400
LAnd 120000
Eqpmnt 31500
Mchinery 81600
Bldng 375000
Sale of Propertty and Equipment
20 N/P 120000
A/P 220500
cash 340500
Payment of Liabilities
T,capital 31360
B,Capital 15680
M,Capital 47040
Absorption of Loss of Partner
/ B,Capital 3400
T,Capital 3400
Absorption of Los of Partner
24 B,Capital 1275000
Cash 127500
Distribution of Cash to Partner