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Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Add: Loans Balances Partner’s Total Interest 100,000 350,000 Divide By: Profit and Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I (333,333) 200,000 250,000 250,000 0 200,000 Priority II: Amounts in excess of 199,800 40% 60%
For the Month of April 2015 Account Title Debit Credit Cash Loss on Realization Non- Cash Assets To record the sale of non-cash assets. 240,00 60,000
300,000 Paper, Capital Pen, Capital Loss on Realization To allocate loss on sales of non-cash assets. 24,000 36,000
60,000 Liabilities Cash To record payment of Liabilities. 250,000 250,000 Pen, Capital Cash To distribute remaining cash to partner. 40,000 40,000
For the Month of May 2015
Account Title Debit Credit Cash Loss on Realization Non- Cash Assets To record the sale of non-cash assets. 100,000 150,000
250,000 Paper, Capital Pen, Capital Loss on Realization To allocate loss on sales of non-cash assets. 60,000 90,000
150,000 Cash Non – Cash Assets To record conversion of non-cash assets into cash. 100,000 100,000 Paper, Capital Pen, Capital Cash Payment for liquidation process. 6,000 9,000 15,000 Pen, Capital Cash To distribute cash to partner. 160,000 160,000 Paper, Capital Pen, Capital Cash To distribute remaining Cash to partner. 10,000 15,000
25,000
Paper and Pen Partnership Statement of Liquidation May 30, 2015
Cash Non- Cash Assets Liabilities Paper, Capital Pen, Capital P/L Ratio 40 60 Balances Before Liquidation 50,000 650,000 250,000 100,000 350,000 Sales of Non-Cash Assets and Distribution of Loss 440,000 (650,000) 15,000 (90,000) (135,000) Balances 490,000 265,000 10,000 215,000 Payment of Liabilities (265,000) (265,000) Balances 225,000 10,000 215,000 Distribution of Cash (225,000) (10,000) (215,000)
Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Add: Loans Balances Partner’s Total Interest 100,000 350,000 Divide By: Profit and Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I (333,333) 200,000 250,000 250,000 0 200,000 Priority II: Amounts in excess of 199,800 40% 60%
For the Month of April 2015 Account Title Debit Credit Cash Loss on Realization Non- Cash Assets To record the sale of non-cash assets. 240,00 60,000
300,000 Paper, Capital Pen, Capital Loss on Realization To allocate loss on sales of non-cash assets. 24,000 36,000
60,000 Liabilities Cash To record payment of Liabilities. 250,000 250,000 Pen, Capital Cash To distribute remaining cash to partner. 40,000 40,000
For the Month of May 2015
Account Title Debit Credit Cash Loss on Realization Non- Cash Assets To record the sale of non-cash assets. 100,000 150,000
250,000 Paper, Capital Pen, Capital Loss on Realization To allocate loss on sales of non-cash assets. 60,000 90,000
150,000 Paper, Capital Pen, Capital Cash Payment for liquidation process. 6,000 9,000
15,000 Pen, Capital Cash To distribute cash to partner. 85,000 85,000
June 2015 Account Title Debit Credit Cash Loss on Realization Non- Cash Assets To record the sale of non-cash assets. 50,000 50,000
100,000 Paper, Capital Pen, Capital Loss on Realization To allocate loss on sales of non-cash assets. 20,000 30,000
50,000 Pen, Capital Cash To distribute cash to partner. 50,000 50,000
Paper and Pen Partnership Statement of Liquidation May 30, 2015
Cash Non- Cash Assets Liabilities Paper, Capital Pen, Capital P/L Ratio 40 60 Balances Before Liquidation 50,000 650,000 250,000 100,000 350,000 Sales of Non-Cash Assets and Distribution of Loss 390,000 (650,000) (104,000) (156,000) Balances 440,000 250,000 (4,000) 194,000 Payment of Liabilities (250,000) (250,000) Balances 190,000 (4,000) 194,000 Payment for Liquidation (15,000) (6,000) (9,000) Balances 175,00 (10,000) 185,000 Absorption 10,000 (10,000) Balances 175,000 175,000 Distribution of Cash (175,000) (175,000)
Paper Pen Capital Balances 100,000.00 350,000.00 Divided by: P/L ratio 40% 60% Loss Absorption Balances 250,000.00 583,333.00 Priority I: to Pen (333,333.00) Balances 250,000.00 250,000.00
Paper and Pen Partnership Cash Priority Program April to June 2015
Paper Pen Capital Balances 100,000 350,000 Divide by: P/L Ratio 40% 60% Loss Absorption Balance 250,000 583,333 Priority: To Pen 333,333 Total 250,000 250,000
Paper and Pen Partnership Statement of Liquidation April to June 2015
JACQUELINE TADO BSA-IA Paper & Pen Cash Priority Program April 1, 2015
Cash Priority Program to: Paper Pen Paper Pen Cap. Bal. 100K 350K Add: Loan Bal. Partner’s Total Inte. 100K 350K P/L Ratio: 40% 60% Loss Absorption Bal. 250K 583,333 Priority I: To Pen 333,333 200K 250K 250K – 200K Priority II: Amounts in excess of 200K based on P/L ratio: 40% 60%
Paper & Pen Statement of Liquidation April 1 –June 2015
Cash Priority Program to: Paper Pen Paper Pen Cap. Bal. 100K 350K Add: Loan Bal. Partner’s Total Inte. 100K 350K P/L Ratio: 40% 60% Loss Absorption Bal. 250K 583,333 Priority I: To Pen 333,333 200K 250K 250K – 200K Priority II: Amounts in excess of 200K based on P/L ratio: 40% 60%
Paper & Pen Statement of Liquidation April 1 –June 2015
Cash Priority Program to: Paper Pen Paper Pen Cap. Bal. 100K 350K Add: Loan Bal. Partner’s Total Inte. 100K 350K P/L Ratio: 40% 60% Loss Absorption Bal. 250K 583,333 Priority I: To Pen 333,333 200K 250K 250K – 200K Priority II: Amounts in excess of 200K based on P/L ratio: 40% 60%
Paper & Pen Statement of Liquidation April 1 –June 2015
Cash Priority Program to: Paper Pen Paper Pen Cap. Bal. 100K 350K Add: Loan Bal. Partner’s Total Inte. 100K 350K P/L Ratio: 40% 60% Loss Absorption Bal. 250K 583,333 Priority I: To Pen 333,333 200K 250K 250K – 200K Priority II: Amounts in excess of 200K based on P/L ratio: 40% 60%
Paper & Pen Statement of Liquidation April 1 –June 2015
1. Paper and Pen Cash Priority Program April 1, 2015
Cash priority payments to Paper Pen Paper Pen Capital bal. 100,000 350,000 Divide:P/L ratio 40% 60% Loss absorption bal. 250,000 583,333 Priority I: to Pen (333,333) 0 200,000 Bal. 250,000 250,000 0 200,000
2. Paper and Pen Statement of Liquidation April 1 to June 30, 2015
1. Paper and Pen Cash Priority Program April 1, 2015
Cash priority payments to Paper Pen Paper Pen Capital bal. 100,000 350,000 Divide:P/L ratio 40% 60% Loss absorption bal . 250,000 583,333 Priority I: to Pen (333,333) 0 200,000 Bal. 250,000 250,000 0 200,000
2. Paper and Pen Statement of Liquidation April 1 to June 30, 2015
Paper and Pen Partnership Cash Priority Progrm April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Divided by: p/L ratio 40% 60% Loss Absorption Balance 250,000 583,333 Priority I: Pen (333,333) 200,000 250,000 250,000 200,000 Paper and Pen Partnership Statement of Liquidation April to June 2015
Cash NCA Liability Paper, Capital Pen, Capital Beg. Balance 50,000 650,000 250,000 100,000 350,000 April. Sale of NCA 240,000 (300,000) (24,000) (36,000) Balances 290,000 350,000 250,000 76,000 314,000 Apr. Payment of Liability (250,000) (250,000) Balances 40,000 350,000 76,000 314,000 Apr. Installment (40,000) (40,000) Balances 0 350,000 76,000 274,000 May. Sale of NCA 100,000 (250,000) (60,000) (90,000) Balances 100,000 100,000 16,000 184,000 May. Payment Of Liq. Expense (15,000) (6,000) (9,000) Balances 85,000 100,000 10,000 175,000 June. Sale of NCA 50,000 (100,000) (20,000) (30,000) Balances 135,000 (10,000) 145,000 Absorption Deficiency 10,000 (10,000) Balances 135,000 135,000 June. Final Installment (135,000) (135,000)
Go Yvette Paper and Pen Cash Priority Program April 1, 2015 Cash Priority Payment Paper Pen Paper Pen Capital 100 000 350 000 P/L ratio 40 % 60 % Priority I: to Pen 250 000 583 333 333 333 200 000 1st priority: to pen 250 000 250 000 - 0 - 200 000
Paper & Pen Partnership Cash Priority Program April 01, 2015 Paper Pen Cash Priority Payments to: Paper Pen Capital Bal. 100,000 350,000 Loan Bal. 0 0 ----------------------------------- Total 100,000 350,000 P/L Ratio 40% 60% ------------------------------------ Loss Absptn Bal 250,000 583,333 Priority: Pen (333,333) 200,000 -------------------------------------- --------------------------------- Total 250,000 250,000 0 200,000
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper & Pen Partnership Cash Priority Program April 2015
Paper Pen Capital Bal. 100k 350k Add. Loan Bal. - - Partners total Int. 100k 350k Divide by: Profit or loss ratio 40% 60% Loss absorption Balance 250k 583,333 Priority 1 to Pen - (333,333) Balances 250k 250k
Cash Priority Payments to
Paper Pen 200k Priority 3 amount In excess of 199,999 Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership Statement of Liquidation April 2015
Cash Non-Cash Liabilities Paper, Pen, Asset Capital Capital Bal. before Liquidation 50k 650k 250k 100k 350k Aprl. Sale of NCA & Dist. Of losses 240k (300k) (24k) (36k) Balances 290k 350k 250k 76k 314k Aprl- payment Of liab. (250k) (250k) - Balances 40k 350k 76k 314k Payment to Partners (40k) (40k) Balances 350k 76k 274k May-Sale of NCA & dist. Of losses 100k (250k) (60k) (90k) Balances 100k 100k 16k 184k Liquidation Expense (15k) (6k) (9k) Balances 85k 100k 10k 175k Payments to Partner (85k) (85k) Balances 100k 10k 90k June- Sale of NCA & Dist. Of losses 50k (100k) (20k) (30k) Balances 50k (10k) 60k Add. Loss To Pen - 10k (10k) Balances 50k 50k Dist. To Pen (50k) (50k)
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper & Pen Partnership Cash Priority Program April 2015
Paper Pen Capital Bal. 100k 350k Add. Loan Bal. - - Partners total Int. 100k 350k Divide by: Profit or loss ratio 40% 60% Loss absorption Balance 250k 583,333 Priority 1 to Pen - (333,333) Balances 250k 250k
Cash Priority Payments to
Paper Pen 200k Priority 3 amount In excess of 199,999 Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership Statement of Liquidation April 2015
Cash Non-Cash Liabilities Paper, Pen, Asset Capital Capital Bal. before Liquidation 50k 650k 250k 100k 350k Aprl. Sale of NCA & Dist. Of losses 240k (300k) (24k) (36k) Balances 290k 350k 250k 76k 314k Aprl- payment Of liab. (250k) (250k) - Balances 40k 350k 76k 314k Payment to Partners (40k) (40k) Balances 350k 76k 274k May-Sale of NCA & dist. Of losses 100k (250k) (60k) (90k) Balances 100k 100k 16k 184k Liquidation Expense (15k) (6k) (9k) Balances 85k 100k 10k 175k Payments to Partner (85k) (85k) Balances 100k 10k 90k June- Sale of NCA & Dist. Of losses 50k (100k) (20k) (30k) Balances 50k (10k) 60k Add. Loss To Pen - 10k (10k) Balances 50k 50k Dist. To Pen (50k) (50k)
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Lendio, Gerly Jane M. BSA-1B Paper & Pen Partnership Cash Priority Program April 2015
Paper Pen Capital Bal. 100k 350k Add. Loan Bal. - - Partners total Int. 100k 350k Divide by: Profit or loss ratio 40% 60% Loss absorption Balance 250k 583,333 Priority 1 to Pen - (333,333) Balances 250k 250k
Cash Priority Payments to
Paper Pen 200k Priority 3 amount In excess of 199,999 Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership Statement of Liquidation April 2015
Cash Non-Cash Liabilities Paper, Pen, Asset Capital Capital Bal. before Liquidation 50k 650k 250k 100k 350k Aprl. Sale of NCA & Dist. Of losses 240k (300k) (24k) (36k) Balances 290k 350k 250k 76k 314k Aprl- payment Of liab. (250k) (250k) - Balances 40k 350k 76k 314k Payment to Partners (40k) (40k) Balances 350k 76k 274k May-Sale of NCA & dist. Of losses 100k (250k) (60k) (90k) Balances 100k 100k 16k 184k Liquidation Expense (15k) (6k) (9k) Balances 85k 100k 10k 175k Payments to Partner (85k) (85k) Balances 100k 10k 90k June- Sale of NCA & Dist. Of losses 50k (100k) (20k) (30k) Balances 50k (10k) 60k Add. Loss To Pen - 10k (10k) Balances 50k 50k Dist. To Pen (50k) (50k)
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Partner’s Total Interests 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Paper & Pen Partnership Cash Priority Program April 2015
Paper Pen Capital Bal. 100k 350k Add. Loan Bal. - - Partners total Int. 100k 350k Divide by: Profit or loss ratio 40% 60% Loss absorption Balance 250k 583,333 Priority 1 to Pen - (333,333) Balances 250k 250k
Cash Priority Payments to
Paper Pen 200k Priority 3 amount In excess of 199,999 Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership Statement of Liquidation April 2015
Cash Non-Cash Liabilities Paper, Pen, Asset Capital Capital Bal. before Liquidation 50k 650k 250k 100k 350k Aprl. Sale of NCA & Dist. Of losses 240k (300k) (24k) (36k) Balances 290k 350k 250k 76k 314k Aprl- payment Of liab. (250k) (250k) - Balances 40k 350k 76k 314k Payment to Partners (40k) (40k) Balances 350k 76k 274k May-Sale of NCA & dist. Of losses 100k (250k) (60k) (90k) Balances 100k 100k 16k 184k Liquidation Expense (15k) (6k) (9k) Balances 85k 100k 10k 175k Payments to Partner (85k) (85k) Balances 100k 10k 90k June- Sale of NCA & Dist. Of losses 50k (100k) (20k) (30k) Balances 50k (10k) 60k Add. Loss To Pen - 10k (10k) Balances 50k 50k Dist. To Pen (50k) (50k)
Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Program Paper Pen Paper Pen Capital Balances 100,000 350,000 Divide by: P/L 40% 60% Loss Absorption 250,000 583,333 Priority I. (333,333) 200,000 250,000 250,000 200,000
Paper and Pen Partnership Statement of Liquidation April 1 to June 2015 Cash Non-Cash Liabilities Pen,Capital Paper,Capital Balance 50,000 650,000 250,000 100,000 350,000 Sold of Non-cash 240,000 ( 300,000) (24,000) (36000) And distribution of Loss Balance 290000 350000 250000 76000 314000 Payment of (250000) (250000) Liabilities Balance 40000 350000 76000 314000 May-Sold of Non-cash & Distibution of Loss 100000 (250000) (60000) (90000) Balance 140000 100000 16000 224000 Liquidation Expense(15000) (6000) (9000) Balance 125000 100000 10000 215000 (125000) (125000) 100000 10000 90000 June 50000 (100000) (20000) (30000) Balance 50000 (10000) 60000 10000 (10000) Balance 50000 50000 (50000) (50000)
Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Program Paper Pen Paper Pen Capital Balances 100,000 350,000 Divide by: P/L 40% 60% Loss Absorption 250,000 583,333 Priority I. (333,333) 200,000 250,000 250,000 200,000
Paper and Pen Partnership Statement of Liquidation April 1 to June 2015 Cash Non-Cash Liabilities Pen,Capital Paper,Capital Balance 50,000 650,000 250,000 100,000 350,000 Sold of Non-cash 240,000 ( 300,000) (24,000) (36000) And distribution of Loss Balance 290000 350000 250000 76000 314000 Payment of (250000) (250000) Liabilities Balance 40000 350000 76000 314000 May-Sold of Non-cash & Distibution of Loss 100000 (250000) (60000) (90000) Balance 140000 100000 16000 224000 Liquidation Expense(15000) (6000) (9000) Balance 125000 100000 10000 215000 (125000) (125000) 100000 10000 90000 June 50000 (100000) (20000) (30000) Balance 50000 (10000) 60000C 10000 (10000) Balance 50000 50000 (50000) (50000)
Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Payments Paper Pen Paper Pen Capital Balances 100,000 350,000 Add: Loans Receivable ___________________ Partner’s Total Interest 100,000 350,000 Profit and Loss Ratio: 40% 60%__ Loss Absorption Balances 250,000 583,333 Priority I: (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Payments Paper Pen Paper Pen Capital Balances 100,000 350,000 Add: Loans Receivable ___________________ Partner’s Total Interest 100,000 350,000 Profit and Loss Ratio: 40% 60%__ Loss Absorption Balances 250,000 583,333 Priority I: (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Cash Priority Program April 1, 2015 Cash Priority Payments Paper Pen Paper Pen Capital Balances 100,000 350,000 Add: Loans Receivable ___________________ Partner’s Total Interest 100,000 350,000 Profit and Loss Ratio: 40% 60%__ Loss Absorption Balances 250,000 583,333 Priority I: (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Cash Priority Program April 1, 2015
Paper Pen Capital Balances 100,000 350,000 Divide by P/L ratio 40% 60% ______________________ Loss Absorption 250,000 583,000 Priority I: To Pen (333,333) ______________________ 250,000 250,000
Priority II: Amount in Excess of 250,000 based on P/L ratio.
Cash Priority Payments to: Paper Pen - 200,000 _________________ - 200,000 =================
• 333,333 x 60% = 200,000
Paper and Pen Partnership Statement of Liquidation April 1, 2015
Cash Non-Cash Liabilities Liquidating Paper, Pen, Assets Expense Capital Capital Balances 50,000 650,000 250,000 15,000 100,000 350,000 April-Sale Of NCA 240,000 (300,000) (24,000) (36,000) ____________________________________________________ Balances 290,000 350,000 250,000 15,000 76,000 314,000 Payment Of Liab. (250,000) (250,000) ________________=========__________________________ Balances 40,000 350,000 15,000 76,000 314,000 Dist. of cash (40,000) (40,000) ____________________________________________________ Balances - 350,000 15,000 76,000 274,000 May- Sale Of NCA 100,000 (250,000) (60,000) (90,000) _____________________________________________________ Balances 100,000 100,000 15,000 16,000 184,000 Payment Of LE (15,000) (15,000) (6,000) (9,000) _____________________________========_______________ Balances 85,000 100,000 10,000 175,000 Dist of cash (85,000) (85,000) ______________________________________________________ Balances - 100,000 10,000 90,000 June- sale Of NCA 50,000 (100,000) (20,000) (30,000) _______=======________________________________________ Balances 50,000 (10,000) 60,000 Absorption 10,000 (10,000) ___________________________________=======_____________ Balances 50,000 50,000 (50,000) (50,000) ======= ======
Paper and Pen Partnership Cash Priority Program April 1, 2015
Paper Pen Capital Balances 100,000 350,000 Divide by P/L ratio 40% 60% ______________________ Loss Absorption 250,000 583,000 Priority I: To Pen (333,333) ______________________ 250,000 250,000
Priority II: Amount in Excess of 250,000 based on P/L ratio.
Cash Priority Payments to: Paper Pen - 200,000 __________________ - 200,000 ================
• 333,333 x 60% = 200,000
Paper and Pen Partnership Statement of Liquidation April 1, 2015
Cash Non-Cash Liabilities Liquidating Paper, Pen, Assets Expense Capital Capital Balances 50,000 650,000 250,000 15,000 100,000 350,000 April-Sale Of NCA 240,000 (300,000) (24,000) (36,000) ____________________________________________________ Balances 290,000 350,000 250,000 15,000 76,000 314,000 Payment Of Liab. (250,000) (250,000) ________________=========__________________________ Balances 40,000 350,000 15,000 76,000 314,000 Dist. of cash (40,000) (40,000) ____________________________________________________ Balances - 350,000 15,000 76,000 274,000 May- Sale Of NCA 100,000 (250,000) (60,000) (90,000) _____________________________________________________ Balances 100,000 100,000 15,000 16,000 184,000 Payment Of LE (15,000) (15,000) (6,000) (9,000) _____________________________========_______________ Balances 85,000 100,000 10,000 175,000 Dist of cash (85,000) (85,000) ______________________________________________________ Balances - 100,000 10,000 90,000 June- sale Of NCA 50,000 (100,000) (20,000) (30,000) _______=======________________________________________ Balances 50,000 (10,000) 60,000 Absorption 10,000 (10,000) ___________________________________======_____________ Balances 50,000 50,000 (50,000) (50,000) ======= ======
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Divided by: Profit Or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
angela c. ramos bsa 1-a Paper and Pen Statement of liquidaton April 1 to june 30 2015 Cash NCA Liab. Paper, capital Pen, Capital Balance before liquidation 50k 650k 250k 100k 350k April-liquidation 240k (300k) (24k) (36k) Balance 290k 350k 250k 76k 314k Payments to liab. (250k) (250k) Balance 40k 350k 76k 314k April-installment (40k) (16k) (24k) Balance 350k 60k 290k May-realization 100k (250k) (60k) (90k) Balance 100k 100k 200k Liquidation exp. (15k) (6k) (9k) Balance 85k 100k (6k) 191k May-installment (85k) 100k (34k) (51k) Balance 100k (40k) 140k Absorption 40k ( 40k) Balance 100k 100k June-realization 50k (100k) (50k) Balance 50k 50k Final cash (50k) (50k)
Paper and pen Cash priority program April1, 2015
CPP to Paper Pen Paper Pen Capital balance 100k 350k Add: loan bal. - - Partner’s total int. 100k 350k Divided by: P\L ratio 40% 60% Less absorption bal. 250k 583,333 Priority 1: to Pen 333,333 200k 250k 250k 200k
Boreres, Yvette R. bsa1a Paper and Pen Statement of liquidaton April 1 to june 30 2015 Cash NCA Liab. Paper, capital Pen, Capital Balance before liquidation 50k 650k 250k 100k 350k April-liquidation 240k (300k) (24k) (36k) Balance 290k 350k 250k 76k 314k Payments to liab. (250k) (250k) Balance 40k 350k 76k 314k April-installment (40k) (16k) (24k) Balance 350k 60k 290k May-realization 100k (250k) (60k) (90k) Balance 100k 100k 200k Liquidation exp. (15k) (6k) (9k) Balance 85k 100k (6k) 191k May-installment (85k) 100k (34k) (51k) Balance 100k (40k) 140k Absorption 40k ( 40k) Balance 100k 100k June-realization 50k (100k) (50k) Balance 50k 50k Final cash (50k) (50k)
Paper and pen Cash priority program April1, 2015
CPP to Paper Pen Paper Pen Capital balance 100k 350k Add: loan bal. - - Partner’s total int. 100k 350k Divided by: P\L ratio 40% 60% Less absorption bal. 250k 583,333 Priority 1: to Pen 333,333 200k 250k 250k 200k
hermosilla merilyn bsa1a Paper and Pen Statement of liquidaton April 1 to june 30 2015 Cash NCA Liab. Paper, capital Pen, Capital Balance before liquidation 50k 650k 250k 100k 350k April-liquidation 240k (300k) (24k) (36k) Balance 290k 350k 250k 76k 314k Payments to liab. (250k) (250k) Balance 40k 350k 76k 314k April-installment (40k) (16k) (24k) Balance 350k 60k 290k May-realization 100k (250k) (60k) (90k) Balance 100k 100k 200k Liquidation exp. (15k) (6k) (9k) Balance 85k 100k (6k) 191k May-installment (85k) 100k (34k) (51k) Balance 100k (40k) 140k Absorption 40k ( 40k) Balance 100k 100k June-realization 50k (100k) (50k) Balance 50k 50k Final cash (50k) (50k)
Paper and pen Cash priority program April1, 2015
CPP to Paper Pen Paper Pen Capital balance 100k 350k Add: loan bal. - - Partner’s total int. 100k 350k Divided by: P\L ratio 40% 60% Less absorption bal. 250k 583,333 Priority 1: to Pen 333,333 200k 250k 250k 200k
Paper and Pen Partnership Cash Priority Program April 1, 2015
Cash Priority Payments to Paper Pen Paper Pen Capital Balances 100,000 350,000 Divided by: Profit or Loss Ratio 40% 60% Loss Absorption Balances 250,000 583,333 Priority I: To Pen (333,333) 200,000 250,000 250,000 -0- 200,000 40% 60%
Paper and Pen Partnership Statement of Liquidation April – June 2015
Cash Non-Cash asset Liabilities Paper, Capital Pen, Capital
Pen and Paper Partnership Cash Priority Program April 1, 2015
Cash priority payment to: Paper Pen Paper Pen Capital Balances 100000 350000 Divided by P/L ratio 40% 60% Loss Absorption 250000 583333 Balances Priority I: to Pen (333333) 200000 250000 250000 200000 ====== ====== ====== Priority II: amount 40% 60% in excess of 200000 ==== ==== based on P/L ratio
Paper and Pen Partnership Statement of Liquidation April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen Balances before 50000 650000 250000 100000 350000 liquidation April-Sale of NCA 240000 (300000) (24000) (36000) Balances 290000 350000 250000 76000 314000 Payment of (250000) (250000) Liabilities Balances 40000 350000 - 76000 314000 April-Installment to Partners (40000) (40000) Balances - 350000 76000 274000 May- Sale of NCA 100000 (250000) (60000) (90000) Balances 100000 100000 16000 184000 Payment of Liquid-(15000) (6000) (9000) ation expense Balances 85000 100000 10000 175000 May-Installment (85000) (85000) to Partners Balances - 100000 10000 90000 June- Sale of 50000 (100000) (20000) (30000) NCA Balances 50000 - (10000) 60000 Additional loss 10000 (10000) to Pen Balances 50000 - 50000 June Installment(50000) (50000) to partners ====== ======
Pen and Paper Partnership Cash Priority Program April 1, 2015
Cash priority payment to: Paper Pen Paper Pen Capital Balances 100000 350000 Divided by P/L ratio 40% 60% Loss Absorption 250000 583333 Balances Priority I: to Pen (333333) 200000 250000 250000 200000 ====== ====== ====== Priority II: amount 40% 60% in excess of 200000 ==== ==== based on P/L ratio
Paper and Pen Partnership Statement of Liquidation April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen Balances before 50000 650000 250000 100000 350000 liquidation April-Sale of NCA 240000 (300000) (24000) (36000) Balances 290000 350000 250000 76000 314000 Payment of (250000) (250000) Liabilities Balances 40000 350000 - 76000 314000 April-Installment to Partners (40000) (40000) Balances - 350000 76000 274000 May- Sale of NCA 100000 (250000) (60000) (90000) Balances 100000 100000 16000 184000 Payment of Liquid-(15000) (6000) (9000) ation expense Balances 85000 100000 10000 175000 May-Installment (85000) (85000) to Partners Balances - 100000 10000 90000 June- Sale of 50000 (100000) (20000) (30000) NCA Balances 50000 - (10000) 60000 Additional loss 10000 (10000) to Pen Balances 50000 - 50000 June Installment(50000) (50000) to partners ====== ======
Pen and Paper Partnership Cash Priority Program April 1, 2015
Cash priority payment to: Paper Pen Paper Pen Capital Balances 100,000 350,000 Divided by P/L ratio 40% 60% --------------------------------------- Loss Absorption 250,000 583,333 Balances Priority I: to Pen (333,333) 200,000 ------------------------------------------------------------------------------------ 250,000 250,000 200,000 ====== ====== ====== Priority II: amount 40% 60% in excess of 200,000 ==== ==== based on P/L ratio
Paper and Pen Partnership Statement of Liquidation April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen Balances before 50,000 650,000 250,000 100,000 350,000 liquidation April-Sale of NCA 240,000 (30,0000) (24,000) (36,000) Balances 290,000 350,000 250,000 76,000 314,000 Payment of (250,000) (250,000) Liabilities Balances 40,000 350,000 - 76,000 314,000 April-Installment to Partners (40,000) (40,000) Balances - 350,000 76,000 274,000 May- Sale of NCA 100,000 (250,000) (60,000) (90,000) Balances 100,000 100,000 16,000 184,000 Payment of Liquid-(15,000) (6,000) (9,000) ation expense Balances 85,000 100,000 10,000 175,000 May-Installment (85,000) (85,000) to Partners Balances - 100,000 10,000 90,000 June- Sale of 50,000 (100,000) (20,000) (30,000) NCA Balances 50,000 - (10,000) 60,000 Additional loss 10,000 (10,000) to Pen Balances 50,000 - 50,000 June Installment(50,000) (50,000) to partners ====== ======
Pen and Paper Partnership Cash Priority Program April 1, 2015
Cash priority payment to: Paper Pen Paper Pen Capital Balances 100,000 350,000 Divided by P/L ratio 40% 60% --------------------------------------- Loss Absorption 250,000 583,333 Balances Priority I: to Pen (333,333) 200,000 ------------------------------------------------------------------------------------ 250,000 250,000 200,000 ====== ====== ====== Priority II: amount 40% 60% in excess of 200,000 ==== ==== based on P/L ratio
Paper and Pen Partnership Statement of Liquidation April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen Balances before 50,000 650,000 250,000 100,000 350,000 liquidation April-Sale of NCA 240,000 (30,0000) (24,000) (36,000) Balances 290,000 350,000 250,000 76,000 314,000 Payment of (250,000) (250,000) Liabilities Balances 40,000 350,000 - 76,000 314,000 April-Installment to Partners (40,000) (40,000) Balances - 350,000 76,000 274,000 May- Sale of NCA 100,000 (250,000) (60,000) (90,000) Balances 100,000 100,000 16,000 184,000 Payment of Liquid-(15,000) (6,000) (9,000) ation expense Balances 85,000 100,000 10,000 175,000 May-Installment (85,000) (85,000) to Partners Balances - 100,000 10,000 90,000 June- Sale of 50,000 (100,000) (20,000) (30,000) NCA Balances 50,000 - (10,000) 60,000 Additional loss 10,000 (10,000) to Pen Balances 50,000 - 50,000 June Installment(50,000) (50,000) to partners ====== ======
LAGONOY, LORIE LYN C. BSA-1B 1.) Paper and Pen Cash Priority Program June 30, 2015
Paper Pen Cash Priority Payments to: Capital Balances P 100,000 P 350,000 Paper Pen Add: Loan Balances -------------------------------------- Partner’s Total Interest P 100,000 P 350,000 Divide: By Profit and Loss Ratio 40% 60% ------------------------------------- Loss Absorption Balances P 250,000 P583,333 Priority: To Pen (333,333) P 200,000 ------------------------------------ ----------------------------------------------- P 250,000 P 250,000 P200,000 ===================== ============================ 40% 60% ============================
2.) Paper and Pen Statement of Liquidation April 1- June 30, 2015 Cash Non-Cash Assets Liabilities Paper, Capital Pen, Capital P/L Percentages 40% 60% Balance before Liquidation P50,000 P650,000 P250,000 P100,000 P350,000 April- Sale of Non-Cash Assets and Distribution of Loss 240,000 ------------ (300,000) ------------ ------------ (24,000) ------------ (36,000) ------------ Balances P290,000 P350,000 P250,000 P76,000 P314,000 April- Payment of Liabilities (250,000) ------------- ------------ (250,000) ======= ------------ ------------ Balances P40,000 P350,000 P76,000 P314,000 April- Installment to Partners (40,000) ------------- ------------
------------ (40,000) ------------ Balances P 0 P350,000 P76,000 P274,000 May- Sale of Non-Cash Assets and Distribution of Loss 100,000 ------------- (250,000) ------------ (60,000) ------------ (90,000) ------------ Balances P100,000 P100,000 P16,000 P184,000 May- Payment for Liquidation Expenses (15,000) ------------- ------------ (6,000) ------------ (9,000) ------------ Balances P85,000 P100,000 P10,000 P175,000 May- Installment to Partners (85,000) ------------- ------------ ------------ (85,000) ------------ Balances P 0 P100,000 P10,000 P90,000 June- Sale of Non-Cash Assets and Distribution of Loss 50,000 ------------- (100,000) ======= (20,000) ------------ (30,000) ------------ Balances P50,000 (P10,000) P60,000 June- Additional Loss to Pen ------------- 10,000 ======= (10,000) ------------ Balances P50,000 P50,000 June- Final Installment (50,000) ======== (50,000) =======
Paper and Pen Partnership
ReplyDeleteCash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Add: Loans Balances
Partner’s Total Interest 100,000 350,000
Divide By: Profit and Loss Ratio 40% 60%
Loss Absorption Balances 250,000 583,333
Priority I (333,333) 200,000
250,000 250,000 0 200,000
Priority II: Amounts in excess of 199,800 40% 60%
For the Month of April 2015
Account Title Debit Credit
Cash
Loss on Realization
Non- Cash Assets
To record the sale of non-cash assets. 240,00
60,000
300,000
Paper, Capital
Pen, Capital
Loss on Realization
To allocate loss on sales of non-cash assets. 24,000
36,000
60,000
Liabilities
Cash
To record payment of Liabilities. 250,000
250,000
Pen, Capital
Cash
To distribute remaining cash to partner. 40,000
40,000
For the Month of May 2015
Account Title Debit Credit
Cash
Loss on Realization
Non- Cash Assets
To record the sale of non-cash assets. 100,000
150,000
250,000
Paper, Capital
Pen, Capital
Loss on Realization
To allocate loss on sales of non-cash assets. 60,000
90,000
150,000
Cash
Non – Cash Assets
To record conversion of non-cash assets into cash. 100,000
100,000
Paper, Capital
Pen, Capital
Cash
Payment for liquidation process. 6,000
9,000
15,000
Pen, Capital
Cash
To distribute cash to partner. 160,000
160,000
Paper, Capital
Pen, Capital
Cash
To distribute remaining Cash to partner. 10,000
15,000
25,000
Paper and Pen Partnership
Statement of Liquidation
May 30, 2015
Cash Non- Cash Assets Liabilities Paper, Capital Pen, Capital
P/L Ratio 40 60
Balances Before Liquidation 50,000 650,000 250,000 100,000 350,000
Sales of Non-Cash Assets and Distribution of Loss 440,000 (650,000) 15,000 (90,000) (135,000)
Balances 490,000 265,000 10,000 215,000
Payment of Liabilities (265,000) (265,000)
Balances 225,000 10,000 215,000
Distribution of Cash (225,000) (10,000) (215,000)
Paper and Pen Partnership
ReplyDeleteCash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Add: Loans Balances
Partner’s Total Interest 100,000 350,000
Divide By: Profit and Loss Ratio 40% 60%
Loss Absorption Balances 250,000 583,333
Priority I (333,333) 200,000
250,000 250,000 0 200,000
Priority II: Amounts in excess of 199,800 40% 60%
For the Month of April 2015
Account Title Debit Credit
Cash
Loss on Realization
Non- Cash Assets
To record the sale of non-cash assets. 240,00
60,000
300,000
Paper, Capital
Pen, Capital
Loss on Realization
To allocate loss on sales of non-cash assets. 24,000
36,000
60,000
Liabilities
Cash
To record payment of Liabilities. 250,000
250,000
Pen, Capital
Cash
To distribute remaining cash to partner. 40,000
40,000
For the Month of May 2015
Account Title Debit Credit
Cash
Loss on Realization
Non- Cash Assets
To record the sale of non-cash assets. 100,000
150,000
250,000
Paper, Capital
Pen, Capital
Loss on Realization
To allocate loss on sales of non-cash assets. 60,000
90,000
150,000
Paper, Capital
Pen, Capital
Cash
Payment for liquidation process. 6,000
9,000
15,000
Pen, Capital
Cash
To distribute cash to partner. 85,000
85,000
June 2015
Account Title Debit Credit
Cash
Loss on Realization
Non- Cash Assets
To record the sale of non-cash assets. 50,000
50,000
100,000
Paper, Capital
Pen, Capital
Loss on Realization
To allocate loss on sales of non-cash assets. 20,000
30,000
50,000
Pen, Capital
Cash
To distribute cash to partner. 50,000
50,000
Paper and Pen Partnership
Statement of Liquidation
May 30, 2015
Cash Non- Cash Assets Liabilities Paper, Capital Pen, Capital
P/L Ratio 40 60
Balances Before Liquidation 50,000 650,000 250,000 100,000 350,000
Sales of Non-Cash Assets and Distribution of Loss 390,000 (650,000) (104,000) (156,000)
Balances 440,000 250,000 (4,000) 194,000
Payment of Liabilities (250,000) (250,000)
Balances 190,000 (4,000) 194,000
Payment for Liquidation (15,000) (6,000) (9,000)
Balances 175,00 (10,000) 185,000
Absorption 10,000 (10,000)
Balances 175,000 175,000
Distribution of Cash (175,000) (175,000)
Paper and Pen
ReplyDeleteStatement of Liquidation
April-June 31, 2015
Cash Non-Cash Asset Liabilities Paper, Capital Pen, Capital
Before Liquidation 50,000.00 650,000.00 250,000.00 100,000.00 350,000.00
April-Sale Of Non-Cash Asset 300,000.00 (300,000.00)
Balances 350,000.00 350,000.00 250,000.00 100,000.00 350,000.00
Payment of Liabilities (250,000.00) (250,000.00)
Balances 100,000.00 350,000.00 - 100,000.00 350,000.00
April-Installment of Partners (100,000.00) (40,000.00) (60,000.00)
Balances - 350,000.00 60,000.00 290,000.00
May-Sale of Non-Cash Asset 250,000.00 (250,000.00)
Balances 250,000.00 100,000.00 - 60,000.00 290,000.00
May-Installment to Partners (250,000.00) (100,000.00) (150,000.00)
Balances - 100,000.00 - (40,000.00) 140,000.00
May-Investment of Paper 40,000.00 40,000.00
Balances 40,000.00 100,000.00 - - 140,000.00
June-Sale of Non-Cash Asset 50,000.00 (100,000.00) (50,000.00)
and Distribution of Loss
Balances 90,000.00 - - - 90,000.00
Distribution Of Cash (90,000.00) (90,000.00)
Paper and Pen
ReplyDeleteCash Priority Program
June 31, 2015
Paper Pen
Capital Balances 100,000.00 350,000.00
Divided by: P/L ratio 40% 60%
Loss Absorption Balances 250,000.00 583,333.00
Priority I: to Pen (333,333.00)
Balances 250,000.00 250,000.00
Paper and Pen Partnership
ReplyDeleteCash Priority Program
April to June 2015
Paper Pen
Capital Balances 100,000 350,000
Divide by: P/L Ratio 40% 60%
Loss Absorption Balance 250,000 583,333
Priority: To Pen 333,333
Total 250,000 250,000
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
Balances 50,000 650,000 250,000 100,000 350,000
Apr- Realization240,000 (300,000) (24,000) (36,000)
Balance 290,000 350,000 250,000 76,000 314,000
Apr- Settlement(250,000) (250,000)
Balance 40,000 350,000 0 76,000 314,000
Apr-Installment(40,000) (16,000) (24,000)
Balance P-O- 350,000 60,000 290,000
May-Realization100,000 (250,000) (60,000) (90,000)
Balance 100,000 100,000 0 200,000
May-Settlement(15,000) (6,000) (9,000)
Balance 85,000 100,000 (6,000) 191,000
May-Installment(85,000) (34,000) (51,000)
Balance P-O- 100,000 (40,000) 140,000
June-Realization50,000 (100,000) (20,000) (30,000)
Balance 50,000 0 (60,000) 110,000
Absorption 60,000 (60,000)
Balance 50,000 0 50,000
Cash Distribution(50,000) (50,000)
Balance 0 0 0 0 0
Paper & pen Partnership
ReplyDeleteCash Priority Program
April 01, 2015
Cash Priority Payment to :
Paper Pen Paper Pen
Capital Bal. 100,000 350,000
Add: Loan Bal.
-------------- --------------
Partners Total
Interest 100,000 350,000
Divided by :
P/L Ratio 40% 60%
-------------- ---------------
Loss Absorp-
tion Bal. 250,000 583,333
Priority I :
to Pen (333,333) 200,000*
-------------- --------------- --------------- --------------
250,000 250,000 200,000
======== ======== ========
Sol’n :
*333,333 x 60% = 199,999.8
Paper & pen Partnership
Statement of Liquidation
April 01, 2015
Cash NCA Liabilities Paper, Pen,
Capital Capital
Bal. prior
to Liquidation 50,000 650,000 250,000 100,000 350,000
April-
Sale of NCA 240,000 (300,000) (24,000) (36,000)
---------------------------------------------------------------------------------------------
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
--------------------------------------========-----------------------------------------
Balances 40,000 350,000 76,000 314,000
April –
Installment
To Partners (40,000) (40,000)
=========---------------------------------------------------------------------------
Balances 350,000 76,000 274,000
May-
Sale of NCA 100,000 (250,000) (60,000) (90,000)
---------------------------------------------------------------------------------------------
Balances 100,000 100,000 16,000 184,000
May-
Installment
To Partners (100,000) (100,000)
========----------------------------------------------------------------------------
Balances 100,000 16,000 84,000
June-
Sale of NCA 50,000 (100,000) (20,000) (30,000)
-------------------========-------------------------------------------------------
Balances 50,000 (4,000) 54,000
Share of
Loss from
Paper 4,000 (4,000)
------------ =======------------------
Balances 50,000 50,000
Liquidation
Expenses (15,000) (15,000)
------------ ------------
Balances 35,000 35,000
Distribution
Of Remaining
Cash to Partner(35,000) (35,000)
====== =======
Noemi Trisha N. Diolola BSA-1A
ReplyDeletePaper & pen Partnership
Cash Priority Program
April 01, 2015
Cash Priority Payment to :
Paper Pen Paper Pen
Capital Bal. 100,000 350,000
Add: Loan Bal.
-------------- --------------
Partners Total
Interest 100,000 350,000
Divided by :
P/L Ratio 40% 60%
-------------- ---------------
Loss Absorp-
tion Bal. 250,000 583,333
Priority I :
to Pen (333,333) 200,000*
-------------- --------------- --------------- --------------
250,000 250,000 200,000
======== ======== ========
Sol’n :
*333,333 x 60% = 199,999.8
Paper & pen Partnership
Statement of Liquidation
April 01, 2015
Cash NCA Liabilities Paper, Pen,
Capital Capital
Bal. prior
to Liquidation 50,000 650,000 250,000 100,000 350,000
April-
Sale of NCA 240,000 (300,000) (24,000) (36,000)
---------------------------------------------------------------------------------------------
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
--------------------------------------========-----------------------------------------
Balances 40,000 350,000 76,000 314,000
April –
Installment
To Partners (40,000) (40,000)
=========---------------------------------------------------------------------------
Balances 350,000 76,000 274,000
May-
Sale of NCA 100,000 (250,000) (60,000) (90,000)
---------------------------------------------------------------------------------------------
Balances 100,000 100,000 16,000 184,000
May-
Installment
To Partners (100,000) (100,000)
========----------------------------------------------------------------------------
Balances 100,000 16,000 84,000
June-
Sale of NCA 50,000 (100,000) (20,000) (30,000)
-------------------========-------------------------------------------------------
Balances 50,000 (4,000) 54,000
Share of
Loss from
Paper 4,000 (4,000)
------------ =======------------------
Balances 50,000 50,000
Liquidation
Expenses (15,000) (15,000)
------------ ------------
Balances 35,000 35,000
Distribution
Of Remaining
Cash to Partner(35,000) (35,000)
====== =======
Paper & pen Partnership
ReplyDeleteCash Priority Program
April 01, 2015
Cash Priority Payment to :
Paper Pen Paper Pen
Capital Bal. 100,000 350,000
Add: Loan Bal.
-------------- --------------
Partners Total
Interest 100,000 350,000
Divided by :
P/L Ratio 40% 60%
-------------- ---------------
Loss Absorp-
tion Bal. 250,000 583,333
Priority I :
to Pen (333,333) 200,000*
-------------- --------------- --------------- --------------
250,000 250,000 200,000
======== ======== ========
Sol’n :
*333,333 x 60% = 199,999.8
Paper & pen Partnership
Statement of Liquidation
April 01, 2015
Cash NCA Liabilities Paper, Pen,
Capital Capital
Bal. prior
to Liquidation 50,000 650,000 250,000 100,000 350,000
April-
Sale of NCA 240,000 (300,000) (24,000) (36,000)
---------------------------------------------------------------------------------------------
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
--------------------------------------========-----------------------------------------
Balances 40,000 350,000 76,000 314,000
April –
Installment
To Partners (40,000) (40,000)
=========---------------------------------------------------------------------------
Balances 350,000 76,000 274,000
May-
Sale of NCA 100,000 (250,000) (60,000) (90,000)
---------------------------------------------------------------------------------------------
Balances 100,000 100,000 16,000 184,000
May-
Installment
To Partners (100,000) (100,000)
========----------------------------------------------------------------------------
Balances 100,000 16,000 84,000
June-
Sale of NCA 50,000 (100,000) (20,000) (30,000)
-------------------========-------------------------------------------------------
Balances 50,000 (4,000) 54,000
Share of
Loss from
Paper 4,000 (4,000)
------------ =======------------------
Balances 50,000 50,000
Liquidation
Expenses (15,000) (15,000)
------------ ------------
Balances 35,000 35,000
Distribution
Of Remaining
Cash to Partner(35,000) (35,000)
====== =======
Paper and Pen
ReplyDeleteCash Priority Program
April 1,2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100 000 350 000
Add: Loan Balances
_____________________
Partner's Total Interest 100 000 350 000
Divided by: P/L Ratio 40/100 60/100
_____________________
Loss Absorption Balances 250 000 583 333
Priority I: To Pen (333 333) 200 000
_____________________ ____________________
250 000 250 000 200 000
=================== ==================
40/100 60/100
==================
TUMAMAK, CRYSTAL M.
ReplyDelete1.
Paper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances P 100 000 P 350 000
Add: Loan Balances ___________________
Partner's Total Interests 100 000 350 000
Divide: P/L ratio 40% 60%
----------------------------------
Loss Absorption Balances 250 000 583 333
Priority I: To Pen (333 333) 200 000
------------------------------------------------------------------------------
250 000 250 000 0 200 000
======= ====== == ========
Priority II: Amounts in
excess of P200 000 based
on P/L ratio 40% 60%
==== ====
TUMAMAK, CRYSTAL M.
ReplyDelete2.
Paper and Pen Partnership
Statement of Liquidation
June 30, 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
P/L ratio 40% 60%
Balances before 50 000 650 000 250 000 100 000 350 000
Liquidation
April- Realization 240 000 (300 000) (24 000) (36 000)
------------------------------------------------------------------------------------
Balances 290 000 350 000 250 000 76 000 314 000
Payment of Liabilities (250 000) (250 000)
-----------------------------========----------------------------------------
Balances 40 000 350 000 76 000 314 000
Distribution of Cash to
Pen (40 000) (40 000)
---------------------------- -------------------------------------
Balances 0 350 000 76 000 274 000
May- Realization 100 000 (250 000) (60 000) (90 000)
----------------------------- -------------------------------------
Balances 100 000 100 000 16 000 184 000
Payment of Liquidation
Expense (15 000) (6 000) (9 000)
-------------------------- -------------------------------------
Balances 85 000 100 000 10 000 175 000
Distribution of Cash
to Pen (85 000) (85 000)
---------------------------- -----------------------------------
Balances 0 100 000 10 000 90 000
June- Realization 50 000 (100 000) (20 000) (30 000)
------------========= -----------------------------------
Balances 50 000 (10 000) 60 000
Absorption of Pen 10 000 (10 000)
------------- ========------------------
Balances 50 000 50 000
Payment to Pen (50 000) (50 000)
======= ========
Paper and Pen Partnership
ReplyDeleteStatement of Liquidation
June 30,2015
Cash NCA Liabilities Paper,Capital Pen,Capital
P/L Ratio 40/100 60/100
=====================
Balances before
Liquidation 50 000 650 000 250 000 100 000 350 000
April-Realization 240 000 (300 000) (24 000) (36 000)
_______________________________________________________
Balances 290 000 350 000 250 000 76 000 314 000
Payment of
Liabilities (250 000) (250 000)
__________________ ======== _________________________
Balances 40 000 350 000 76 000 314 000
Payment to
Pen (40 000) (40 000)
_________________________________________________________
Balances 0 350 000 76 000 274 000
May-Realization 100 000 (250 000) (60 000) (90 000)
_________________________________________________________
Balances 100 000 100 000 16 000 184 000
Payment of
Expense (15 000) (6 000) (9 000)
____________________________________________________________
Balances 85 000 100 000 10 000 175 000
Payment to
Pen (85 000) (85 000)
____________________________________________________________
Balances 0 100 000 10 000 90 000
June-Realization 50 000 (100 000) (20 000) (30 000)
___________========== _________________________
Balances 50 000 (10 000) 60 000
Absorption
of Pen 10 000 (10 000)
___________ ==========______________
Balances 50 000 50 000
Payment to
Pen (50 000) (50 000)
======= ========
JACQUELINE TADO BSA-IA
ReplyDeletePaper & Pen
Cash Priority Program
April 1, 2015
Cash Priority Program to:
Paper Pen Paper Pen
Cap. Bal. 100K 350K
Add: Loan Bal.
Partner’s Total Inte. 100K 350K
P/L Ratio: 40% 60%
Loss Absorption Bal. 250K 583,333
Priority I: To Pen 333,333 200K
250K 250K – 200K
Priority II: Amounts in excess of
200K based on P/L ratio: 40% 60%
Paper & Pen
Statement of Liquidation
April 1 –June 2015
Cash NCA Liabilities Paper, Cap. Pen, Cap.
Bal. b4 Liqui. 50K 650K 250K 100K 350K
April- Sale of
NCA 240K (300K) (24K) (36K)
Bal. 290K 350K 250K 76K 314K
April-Pay. Of
Liab. (250K) (250K)
Bal. 40K 350K - 76K 314K
April-Install.
To part. (40K) (16K) (24K)
Bal. – 350K 60K 290K
May-Sale of
NCA 100K (250K) (60K) (90K)
Bal. 100K 100K - 200K
May-Pay. Of
Liqui. Exp. (15K) (6K) (9K)
Bal. 85K 100K (6K) 191K
Add’t. Loss
to pen - - 6K (6K)
Bal. 85K 100K - 185K
May-Install.
To Part. (85K) - - (85K)
Bal. – 100K 100K
June-Sale of NCA 50K (100K) (50K)
Bal. 50K 50K
June-Install.
To Part. (50K) (50K)
ARLITO SOLANO
ReplyDeletePaper & Pen
Cash Priority Program
April 1, 2015
Cash Priority Program to:
Paper Pen Paper Pen
Cap. Bal. 100K 350K
Add: Loan Bal.
Partner’s Total Inte. 100K 350K
P/L Ratio: 40% 60%
Loss Absorption Bal. 250K 583,333
Priority I: To Pen 333,333 200K
250K 250K – 200K
Priority II: Amounts in excess of
200K based on P/L ratio: 40% 60%
Paper & Pen
Statement of Liquidation
April 1 –June 2015
Cash NCA Liabilities Paper, Cap. Pen, Cap.
Bal. b4 Liqui. 50K 650K 250K 100K 350K
April- Sale of NCA 240K (300K) (24K) (36K)
Bal. 290K 350K 250K 76K 314K
April-Pay. Of Liab. (250K) (250K)
Bal. 40K 350K - 76K 314K
April-Install. To part. (40K) (16K) (24K)
Bal. – 350K 60K 290K
May-Sale of NCA 100K (250K) (60K) (90K)
Bal. 100K 100K - 200K
May-Pay. Of Liqui. Exp. (15K) (6K) (9K)
Bal. 85K 100K (6K) 191K
Add’t. Loss to pen - - 6K (6K)
Bal. 85K 100K - 185K
May-Install. To Part. (85K) - - (85K)
Bal. – 100K 100K
June-Sale of NCA 50K (100K) (50K)
Bal. 50K 50K
June-Install. To Part. (50K) (50K)
carlo maglinte
ReplyDeletePaper & Pen
Cash Priority Program
April 1, 2015
Cash Priority Program to:
Paper Pen Paper Pen
Cap. Bal. 100K 350K
Add: Loan Bal.
Partner’s Total Inte. 100K 350K
P/L Ratio: 40% 60%
Loss Absorption Bal. 250K 583,333
Priority I: To Pen 333,333 200K
250K 250K – 200K
Priority II: Amounts in excess of
200K based on P/L ratio: 40% 60%
Paper & Pen
Statement of Liquidation
April 1 –June 2015
Cash NCA Liabilities Paper, Cap. Pen, Cap.
Bal. b4 Liqui. 50K 650K 250K 100K 350K
April- Sale of NCA 240K (300K) (24K) (36K)
Bal. 290K 350K 250K 76K 314K
April-Pay. Of Liab. (250K) (250K)
Bal. 40K 350K - 76K 314K
April-Install. To part. (40K) (16K) (24K)
Bal. – 350K 60K 290K
May-Sale of NCA 100K (250K) (60K) (90K)
Bal. 100K 100K - 200K
May-Pay. Of Liqui. Exp. (15K) (6K) (9K)
Bal. 85K 100K (6K) 191K
Add’t. Loss to pen - - 6K (6K)
Bal. 85K 100K - 185K
May-Install. To Part. (85K) - - (85K)
Bal. – 100K 100K
June-Sale of NCA 50K (100K) (50K)
Bal. 50K 50K
June-Install. To Part. (50K) (50K)
regine zabala
ReplyDeletePaper & Pen
Cash Priority Program
April 1, 2015
Cash Priority Program to:
Paper Pen Paper Pen
Cap. Bal. 100K 350K
Add: Loan Bal.
Partner’s Total Inte. 100K 350K
P/L Ratio: 40% 60%
Loss Absorption Bal. 250K 583,333
Priority I: To Pen 333,333 200K
250K 250K – 200K
Priority II: Amounts in excess of
200K based on P/L ratio: 40% 60%
Paper & Pen
Statement of Liquidation
April 1 –June 2015
Cash NCA Liabilities Paper, Cap. Pen, Cap.
Bal. b4 Liqui. 50K 650K 250K 100K 350K
April- Sale of NCA 240K (300K) (24K) (36K)
Bal. 290K 350K 250K 76K 314K
April-Pay. Of Liab. (250K) (250K)
Bal. 40K 350K - 76K 314K
April-Install. To part. (40K) (16K) (24K)
Bal. – 350K 60K 290K
May-Sale of NCA 100K (250K) (60K) (90K)
Bal. 100K 100K - 200K
May-Pay. Of Liqui. Exp. (15K) (6K) (9K)
Bal. 85K 100K (6K) 191K
Add’t. Loss to pen - - 6K (6K)
Bal. 85K 100K - 185K
May-Install. To Part. (85K) - - (85K)
Bal. – 100K 100K
June-Sale of NCA 50K (100K) (50K)
Bal. 50K 50K
June-Install. To Part. (50K) (50K)
VALERIO, CLARISSA S. BSA-1A
ReplyDelete1. Paper and Pen
Cash Priority Program
April 1, 2015
Cash priority payments to
Paper Pen Paper Pen
Capital bal. 100,000 350,000
Divide:P/L ratio 40% 60%
Loss absorption bal. 250,000 583,333
Priority I: to Pen (333,333) 0 200,000
Bal. 250,000 250,000 0 200,000
2.
Paper and Pen
Statement of Liquidation
April 1 to June 30, 2015
Cash NCA liab Paper,cap Pen,cap
Bal.b4 liquidation 50,000 650,000 250,000 100,000 350,000
Apr.realization 240,000 (300,000) (24,000) (36,000)
Bal. 290,000 350,000 250,000 76,000 314,000
Payment to liab. (250,000) (250,000)
Bal. 40,000 350,000 76,000 314,000
April.installment (40,000) (16,000) (24,000)
Bal. 350,000 60,000 290,000
May realization 100,000 (250,000) (60,000) (90,000)
Bal. 100,000 100,000 200,000
Liq.expense (15,000) (6,000) (9,000)
Bal 85,000 100,000 (6,000) 191,000
May installment (85,000) (34,000) (51,000)
Bal. 100,000 (40,000) 140,000
Absorption 40,000 (40,000)
Bal. 100,000 100,000
June realization 50,000 (100,000) (50,000)
Bal. 50,000 50,000
June final inst. (50,000) (50,000)
GATA, ARIANE N. BSA-1A
ReplyDelete1. Paper and Pen
Cash Priority Program
April 1, 2015
Cash priority payments to
Paper Pen Paper Pen
Capital bal. 100,000 350,000
Divide:P/L ratio 40% 60%
Loss absorption bal . 250,000 583,333
Priority I: to Pen (333,333) 0 200,000
Bal. 250,000 250,000 0 200,000
2.
Paper and Pen
Statement of Liquidation
April 1 to June 30, 2015
Cash NCA liab Paper,cap Pen,cap
Bal.b4 liquidation 50,000 650,000 250,000 100,000 350,000
Apr.realization 240,000 (300,000) (24,000) (36,000)
Bal. 290,000 350,000 250,000 76,000 314,000
Payment to liab. (250,000) (250,000)
Bal. 40,000 350,000 76,000 314,000
April.installment (40,000) (16,000) (24,000)
Bal. 350,000 60,000 290,000
May realization 100,000 (250,000) (60,000) (90,000)
Bal. 100,000 100,000 200,000
Liq.expense (15,000) (6,000) (9,000)
Bal 85,000 100,000 (6,000) 191,000
May installment (85,000) (34,000) (51,000)
Bal. 100,000 (40,000) 140,000
Absorption 40,000 (40,000)
Bal. 100,000 100,000
June realization 50,000 (100,000) (50,000)
Bal. 50,000 50,000
June final inst. (50,000) (50,000)
Paper Pen Partnership
ReplyDeleteCash Priority Program
June 2015
Paper Pen Paper Pen
Caital Balances: 100,000 350,000
Divide by: P/L ratio: / 40% / 60%
_______ _________
Loss Absorption Bal.: 250,000 583,333
Priority 1: to Pen (333,333) 200,000
_______ ________ _________
250,000 250,000 200,000
======= ======= ===== ==
Paper and Pen Partnership
Statement of Liquidation
June 2015
Cash NCA Liabilities Paper, Cap. Pen, Cap
P/L ratio: 40% 60%
======== =======
Beg. Bal.: 50,000 650,000 250,000 100,000 350,000
Sale of NCA
Apr. 2015: 240,000 (300,000) (24,000) (36,000)
____________________________________________________________
Bal. 290,000 350,000 250,000 76,000 314,000
Payment of
Liab.: (250,000) (250,000)
_________________________=======__________________________
Bal.: 40,000 350,000 76,000 314,000
Sale of NCA
May 2015: 100,000 (250,000) (60,000) (90,000)
____________________________________________________________
Bal.: 140,000 100,000 16,000 224,000
Payment of
Expense: (15,000) (6,000) (9,000)
____________________________________________________________
Bal.: 125,000 100,000 10,000 215,000
Priority 1: (125,000) (125,000)
========____________________________________________________
Bal. 100,000 10,000 90,000
Sale of NCA: 50,000 (100,000) (20,000) (30,000)
____________========_____________________________________
Bal: 50,000 (10,000) 60,000
Absorption: 10,000 (10,000)
__________________________________________========_________
Bal.: 50,000 50,000
Distribution
of cash: (50,000) (50,000)
====================================================
-ARAMINA C. ALBAT BSA-1A
Paper Pen Partnership
ReplyDeleteCash Priority Program
June 2015
Paper Pen Paper Pen
Caital Balances: 100,000 350,000
Divide by: P/L ratio: / 40% / 60%
_______ _________
Loss Absorption Bal.: 250,000 583,333
Priority 1: to Pen (333,333) 200,000
_______ ________ _________
250,000 250,000 200,000
======= ======= ===== ==
Paper and Pen Partnership
Statement of Liquidation
June 2015
Cash NCA Liabilities Paper, Cap. Pen, Cap
P/L ratio: 40% 60%
======== =======
Beg. Bal.: 50,000 650,000 250,000 100,000 350,000
Sale of NCA
Apr. 2015: 240,000 (300,000) (24,000) (36,000)
____________________________________________________________
Bal. 290,000 350,000 250,000 76,000 314,000
Payment of
Liab.: (250,000) (250,000)
_________________________=======__________________________
Bal.: 40,000 350,000 76,000 314,000
Sale of NCA
May 2015: 100,000 (250,000) (60,000) (90,000)
____________________________________________________________
Bal.: 140,000 100,000 16,000 224,000
Payment of
Expense: (15,000) (6,000) (9,000)
____________________________________________________________
Bal.: 125,000 100,000 10,000 215,000
Priority 1: (125,000) (125,000)
========____________________________________________________
Bal. 100,000 10,000 90,000
Sale of NCA: 50,000 (100,000) (20,000) (30,000)
____________========_____________________________________
Bal: 50,000 (10,000) 60,000
Absorption: 10,000 (10,000)
__________________________________________========_________
Bal.: 50,000 50,000
Distribution
of cash: (50,000) (50,000)
====================================================
-ARAMINA C. ALBAT BSA-1A
Maglinte, Carlo M. Bsa1a
ReplyDeletePAPER & PEN PARTNERSHIP
STATEMENT OF LIQUIDATION
AS OF JUNE 2015
CASH NCA LIABILITIES PAPER,cap PEN,cap
PL RATIO 40% 60%
BALANCE:50K 650K 250K 350K 100K
SALE:APRIL 240K (300) (24k) (36K)
BALANCE: 290K 350K 250K 76K 314K
PAYMENT OF LIAB.: (250K) (250K)
BALANCE: 40K 350K 76K 314K
INSTALLMENT: (40K) (16k) (24k)
BALANCE: -0- 350K 60K 290K
SALE:MAY 100K (250K) (60K) (90K)
BALANCE: 100K 100K 200K
LIQUIDATION EXP. (15K) (6K) (9K)
BALANCE: 85K 100K (6K) 191K
ADD'TL INVEST. 6K 6K
BALANCE: 91K 100K 191K
SALE:JUNE 50K (100K) (50K)
BALANCE: 141K 141K
FINAL INSTALLMENT:(141K) (141K)
PAPER & PEN PARTNERSHIP
CASH PRIORITY PROGRAM
APRIL 1, 2015
C.P.P. TO:
PAPER PEN PAPER PEN
CAP. BALANCE 100K 350K
LOAN BAL. - -
PARTNERS T.INT'ST 100K 350K
PL RATIO 40% 60%
LOSS 250K 583,333
PRIORITY I:PAPER (333,333) 200K
250K 250K 200K
joshua davocol
ReplyDeletePaper & Pen Partnership
Statement of Liquidation
April 1 to June 2015
Cash Non-Cash Assets Liabilities Paper, Capital Pen, Capital
Balances before Liquidation ₱50,000 ₱650,000 ₱250,000 ₱100,000 ₱350,000
April-Sale of NCA 240,000 (300,000) (36,000) (24,000)
Balances 290,00 ₱350,000 ₱250,000 ₱64,000 ₱326,000
April-Payment of Liabilities (250,000) (250,000)
Balances ₱40,000 ₱350,000 ₱64,000 ₱326,000
April-Installment to Partners (40,000) (24,000) (16,000)
Balances ₱350,000 ₱40,000 ₱310,000
May-Sale of NCA 100,000 (250,000) (90,000) (60,000)
Balances ₱100,000 ₱100,000 (₱50,000) ₱250,000
Absorption of Paper's Deficiency 50,000 (50,000)
Balances ₱100,000 ₱100,000 ₱200,000
Liquidation Expense (15,000) (9,000) (6,000)
Balances ₱85,000 ₱100,000 (₱9,000) ₱194,000
May-Installment to Partners (85,000) (51,000) (34,000)
Balances ₱100,000 (₱60,000) ₱160,000
June-Sale of NCA 50,000 (100,000) (30,000) (20,000)
Balances ₱50,000 (₱90,000) ₱140,000
Absorption of Paper's Deficiency 90,000 (90,000)
Balances ₱50,000 ₱50,000
June-Final Installment (50,000) (50,000)
1.)
ReplyDeletePaper and Pen Partnership
Cash Priority Program
June 30,2015
Paper Pen Cash Priority Payments
Paper Pen
Capital Balances 100,000 350,000
Add: Loan Balances
---------------------------------
Partners’ Total Interest 100,000 350,000
Divide by: P/L ratio 40% 60%
---------------------------------
Loss Absorption Balances 250,000 583,333
Priority: to Pen (333,333) 200,000
------------------------------------------------------------------------------------------
250,000 250,000 P-0- 200,000
==============================================
2.)
Paper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
Balances before
Liquidation 50,000 650,000 250,000 100,000 350,000
April- sale of NCA240,000 (300,000) (24,000) (36,000)
--------------------------------------------------------------------------------------------------------------
Balances 290,000 350,000 250,000 76,000 314,000
April-Payment (250,000) (250,000)
----------------------------------- ========= ---------------------------------------------
Balances 40,000 350,000 76,000 314,000
April- Installment (40,000) (16,000) (24,000)
------------------------------------ ---------------------------------------------
Balances P-0- 350,000 60,000 290,000
May- Sale of NCA 100,000 (250,000) (60,000) (90,000)
------------------------------- =========== ------------------
Balances 100,000 100,000 200,000
Expense (15,000) (15,000)
--------------------------------- ------------------
Balances 85,000 100,000 185,000
May-Installment (85,000) (85,000)
------------------------------ ------------------
Balances P-0- 100,000 100,000
June-Sale of NCA 50,000 (100,000) (50,000)
------------- ======== ------------------
Balances 50,000 50,000
Absorption (50,000) (50,000)
======== =========
1.)
ReplyDeletePaper and Pen Partnership
Cash Priority Program
June 30,2015
Paper Pen Cash Priority Payments
Paper Pen
Capital Balances 100,000 350,000
Add: Loan Balances
---------------------------------
Partners’ Total Interest 100,000 350,000
Divide by: P/L ratio 40% 60%
---------------------------------
Loss Absorption Balances 250,000 583,333
Priority: to Pen (333,333) 200,000
------------------------------------------------------------------------------------------
250,000 250,000 P-0- 200,000
==============================================
2.)
Paper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
Balances before
Liquidation 50,000 650,000 250,000 100,000 350,000
April- sale of NCA240,000 (300,000) (24,000) (36,000)
--------------------------------------------------------------------------------------------------------------
Balances 290,000 350,000 250,000 76,000 314,000
April-Payment (250,000) (250,000)
----------------------------------- ========= ---------------------------------------------
Balances 40,000 350,000 76,000 314,000
April- Installment (40,000) (16,000) (24,000)
------------------------------------ ---------------------------------------------
Balances P-0- 350,000 60,000 290,000
May- Sale of NCA 100,000 (250,000) (60,000) (90,000)
------------------------------- =========== ------------------
Balances 100,000 100,000 200,000
Expense (15,000) (15,000)
--------------------------------- ------------------
Balances 85,000 100,000 185,000
May-Installment (85,000) (85,000)
------------------------------ ------------------
Balances P-0- 100,000 100,000
June-Sale of NCA 50,000 (100,000) (50,000)
------------- ======== ------------------
Balances 50,000 50,000
Absorption (50,000) (50,000)
======== =========
Paper and Pen
ReplyDeleteCash Priority Program
April 1, 2015 Cash Priority Payments to
Paper Pen Paper Pen
100000 350000
40% 60%
250000 583333
(333333) 200000
250000 250000
Paper and Pen
Statement Of Liquidation
June 15, 2015
Cash NCA Liab Paper Pen
40% 60%
50K 650K 250K 100K 350K
240K (300K) (24K) (36K)
290K 350K 250K 76K 314K
(250K) (250K)
40K 350K 76K 314K
(40K) (40K)
350K 76K 274K
100K (250K) (60K) (90K)
100K 100K 16K 184K
(15K) (6K) (9K)
85K 100K 10K 175K
(85K) (85K)
100K 10K 90K
50K 100K (20K) (30K)
50K (10K) 60K
10K (10K)
50K 50K
(50K) (50K)
Paper and Pen Partnership
ReplyDeleteCash Priority Progrm
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Divided by: p/L ratio 40% 60%
Loss Absorption
Balance 250,000 583,333
Priority I: Pen (333,333) 200,000
250,000 250,000 200,000
Paper Pen Total
Balances 100,000 350,000 450,000
Apr. Sale of NCA (24,000) (36,000) (60,000)
Balances 76,000 314,000 390,000
Payment to Partners --------- 40,000 40,000
Balances 76,000 345,000 430,000
May. Sale of NCA (60,000) (90,000) (150,000)
Balances 16,000 264,000 280,000
Payment of Expense (6,000) (9,000) (15,000)
Balances 10,000 255,000 265,000
Payment to Partners ---------- 160,000 160,000
Balances 10,000 415,000 425,000
June. Sale of NCA (20,000) (30,000) (50,000)
Balances (10,000) 385,000 375,000
Absorption 10,000 (10,000)
Balances after priorities 375,000 375,000
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash NCA Liability Paper, Capital Pen, Capital
Beg. Balance 50,000 650,000 250,000 100,000 350,000
April. Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Apr. Payment
of Liability (250,000) (250,000)
Balances 40,000 350,000 76,000 314,000
Apr. Installment (40,000) (40,000)
Balances 0 350,000 76,000 274,000
May. Sale of
NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
May. Payment
Of Liq. Expense (15,000) (6,000) (9,000)
Balances 85,000 100,000 10,000 175,000
June. Sale of
NCA 50,000 (100,000) (20,000) (30,000)
Balances 135,000 (10,000) 145,000
Absorption
Deficiency 10,000 (10,000)
Balances 135,000 135,000
June. Final
Installment (135,000) (135,000)
Paper and Pen Partnership
ReplyDeleteCash Priority Progrm
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Divided by: p/L ratio 40% 60%
Loss Absorption
Balance 250,000 583,333
Priority I: Pen (333,333) 200,000
250,000 250,000 200,000
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash NCA Liability Paper, Capital Pen, Capital
Beg. Balance 50,000 650,000 250,000 100,000 350,000
April. Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Apr. Payment
of Liability (250,000) (250,000)
Balances 40,000 350,000 76,000 314,000
Apr. Installment (40,000) (40,000)
Balances 0 350,000 76,000 274,000
May. Sale of
NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
May. Payment
Of Liq. Expense (15,000) (6,000) (9,000)
Balances 85,000 100,000 10,000 175,000
June. Sale of
NCA 50,000 (100,000) (20,000) (30,000)
Balances 135,000 (10,000) 145,000
Absorption
Deficiency 10,000 (10,000)
Balances 135,000 135,000
June. Final
Installment (135,000) (135,000)
Go Yvette
ReplyDeletePaper and Pen
Cash Priority Program
April 1, 2015
Cash Priority Payment
Paper Pen Paper Pen
Capital 100 000 350 000
P/L ratio 40 % 60 %
Priority I: to Pen 250 000 583 333
333 333 200 000
1st priority: to pen 250 000 250 000 - 0 - 200 000
Paper and Pen
Statement of Liquidation
June 2015
Cash Non-cash Liabilities Paper Pen
Capital 50 000 650 000 250 000 100 000 350 000
April-dist. Of losses 240 000 (300 000) (24 000) (36 000)
Balance 290 000 350 000 250 000 76 000 314 000
Payment of liab. (250 000) (250 000)
Balance 40 000 350 000 76 000 314 000
May-dist. Of losses 100 000 (250 000) (60 000) (90 000)
Balance 140 000 100 000 16 000 224 000
Liquidation expense (15 000) (6 000) (9 000)
Balance 125 000 100 000 10 000 215 000
Installment (125 000) (125 000)
Balance - 0 - 100 000 10 000 90 000
June-dist. Of losses 50 000 (100 000) (20 000) (30 000)
Balance 50 000 (10 000) 60 000
Absorb deficiency 10 000 (10 000)
Balance 50 000 50 000
Dist. Of cash (50 000) (50 000)
Avila bsa 1b
ReplyDeleteCash Priority Payment
Paper Pen Paper Pen
Capital 100000 350000
P/L 40% 60%
__________________
250000 883333
Priority I (333333) 200000
__________________________________
Total 250000 250000 -0- 200000
==============================
40% 60%
Paper and Pen Partnership
Statement of Liquidation
June 30, 2015
cash NCA Liability Paper,Capital Pen,Capital
Balance: 50000 650000 250000 100000 350000
Sale of NCA 240000 (300000) (24000) (36000)
(April) ______________________________________________________
Balance 290000 350000 250000 76000 314000
Payment of (250000) (250000)
Liabilities ____________________=======___________________________
40000 350000 76000 314000
Sale of NCA 100000 250000 (60000) (90000)
(May) _______________________________________________________
140000 100000 16000 224000
Liquidation (15000) (6000) (9000)
Expense _______________________________________________________
Balance 125000 100000 10000 215000
(125000) (125000)
______________________________________________________
0 100000 10000 90000
Sale of NCA 50000 (100000) (20000) (30000)
(June) __________=======____________________________________
50000 (10000) 60000
Balance 10000 (10000)
Absorption ________________________________=======______________
50000 50000
Cash (50000) (50000)
Payments ================================================
bertulfo bsa 1b
ReplyDeleteCash Priority Payment
Paper Pen Paper Pen
Capital 100000 350000
P/L 40% 60%
250000 883333
Priority I (333333) 200000
Total 250000 250000 -0- 200000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
June 30, 2015
cash NCA Liability Paper,Capital Pen,Capital
Balance: 50000 650000 250000 100000 350000
Sale of NCA 240000 (300000) (24000) (36000)
(APRIL) ______________________________________________________
Balance 290000 350000 250000 76000 314000
Payment of (250000) (250000)
Liabilities ____________________=======___________________________
40000 350000 76000 314000
Sale of NCA 100000 250000 (60000) (90000)
(May) _______________________________________________________
140000 100000 16000 224000
Liquidation (15000) (6000) (9000)
Expense _______________________________________________________
Balance 125000 100000 10000 215000
(125000) (125000)
______________________________________________________
0 100000 10000 90000
Sale of NCA 50000 (100000) (20000) (30000)
(June) __________=======____________________________________
50000 (10000) 60000
Balance 10000 (10000)
Absorption ________________________________=======______________
50000 50000
Cash (50000) (50000)
Payments ================================================
MARCELO T. GREFIEL III BSA 1B
ReplyDeletePaper & Pen Partnership
Cash Priority Program
April 01, 2015
Paper Pen Cash Priority Payments to:
Paper Pen
Capital Bal. 100,000 350,000
Loan Bal. 0 0
-----------------------------------
Total 100,000 350,000
P/L Ratio 40% 60%
------------------------------------
Loss Absptn Bal 250,000 583,333
Priority: Pen (333,333) 200,000
-------------------------------------- ---------------------------------
Total 250,000 250,000 0 200,000
Page 1 of 2
MARCELO T. GREFIEL III BSA 1B
ReplyDeletePaper & Pen Partnership
Statement Of Liquidation
June 30, 2015
Cash NCA Liabs Paper Pen
Bal. 50,000 650,000 250,000 100,000 350,000
Apr. 2015:
Sale of NCA 240,000 (300,000) (24,000) (36,000)
------------------------------------------------------------------------------
Bal. 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
-------------------------------------------------------------------------
Bal. 40,000 350,000 0 76,000 314,000
Payment of
Cash (40,000) (40,000)
-----------------------------------------------------------------------------
Bal. 0 350,000 76,000 274,000
May 2015:
Sale of NCA 100,000 (250,000) (60,000) (90,000)
------------------------------------------------------------------------------
Bal. 100,000 100,000 16,000 184,000
Liquidation
Expnse. (15,000) (6,000) (9,000)
---------------------------------------------------------------------------
Bal. 85,000 100,000 10,000 175,000
Payment of
Cash (85,000) (85,000)
---------------------------------------------------
Bal. 100,000 10,000 90,000
June 2015:
Sale of NCA 50,000 (100,000) (20,000) (30,000)
-------------------------------------------------------------------------------
Bal. 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
-------------------------------------------------------------------------------
Bal. 50,000 0 50,000
Payment of
Cash (50,000) (50,000) ----------------------------------------------------------------------------------------- 0 0
Page 2 of 2.
Mariemar P. Pretencio BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
AINA MAE M. MIJARES BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Shena D. Gerellana BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
ABIGAEL D. DACDAC BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Jannieh Ruth T. Dagami BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Janica De Veyra BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Jefferson Gapate BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Adonis, Demelyn T. BSA-1B
ReplyDeletePaper & Pen Partnership
Cash Priority Program
April 2015
Paper Pen
Capital Bal. 100k 350k
Add. Loan Bal. - -
Partners total Int. 100k 350k
Divide by:
Profit or loss ratio 40% 60%
Loss absorption
Balance 250k 583,333
Priority 1 to Pen - (333,333)
Balances 250k 250k
Cash Priority Payments to
Paper Pen
200k
Priority 3 amount
In excess of 199,999
Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership
Statement of Liquidation
April 2015
Cash Non-Cash Liabilities Paper, Pen,
Asset Capital Capital
Bal. before
Liquidation 50k 650k 250k 100k 350k
Aprl. Sale of
NCA & Dist.
Of losses 240k (300k) (24k) (36k)
Balances 290k 350k 250k 76k 314k
Aprl- payment
Of liab. (250k) (250k) -
Balances 40k 350k 76k 314k
Payment to
Partners (40k) (40k)
Balances 350k 76k 274k
May-Sale of
NCA & dist.
Of losses 100k (250k) (60k) (90k)
Balances 100k 100k 16k 184k
Liquidation
Expense (15k) (6k) (9k)
Balances 85k 100k 10k 175k
Payments to
Partner (85k) (85k)
Balances 100k 10k 90k
June- Sale of
NCA & Dist.
Of losses 50k (100k) (20k) (30k)
Balances 50k (10k) 60k
Add. Loss
To Pen - 10k (10k)
Balances 50k 50k
Dist. To
Pen (50k) (50k)
Romell Belano BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Labanes, Mary Rose E. BSA-1B
ReplyDeletePaper & Pen Partnership
Cash Priority Program
April 2015
Paper Pen
Capital Bal. 100k 350k
Add. Loan Bal. - -
Partners total Int. 100k 350k
Divide by:
Profit or loss ratio 40% 60%
Loss absorption
Balance 250k 583,333
Priority 1 to Pen - (333,333)
Balances 250k 250k
Cash Priority Payments to
Paper Pen
200k
Priority 3 amount
In excess of 199,999
Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership
Statement of Liquidation
April 2015
Cash Non-Cash Liabilities Paper, Pen,
Asset Capital Capital
Bal. before
Liquidation 50k 650k 250k 100k 350k
Aprl. Sale of
NCA & Dist.
Of losses 240k (300k) (24k) (36k)
Balances 290k 350k 250k 76k 314k
Aprl- payment
Of liab. (250k) (250k) -
Balances 40k 350k 76k 314k
Payment to
Partners (40k) (40k)
Balances 350k 76k 274k
May-Sale of
NCA & dist.
Of losses 100k (250k) (60k) (90k)
Balances 100k 100k 16k 184k
Liquidation
Expense (15k) (6k) (9k)
Balances 85k 100k 10k 175k
Payments to
Partner (85k) (85k)
Balances 100k 10k 90k
June- Sale of
NCA & Dist.
Of losses 50k (100k) (20k) (30k)
Balances 50k (10k) 60k
Add. Loss
To Pen - 10k (10k)
Balances 50k 50k
Dist. To
Pen (50k) (50k)
Romelee Velasco BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Daniel Durante BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Lendio, Gerly Jane M. BSA-1B
ReplyDeletePaper & Pen Partnership
Cash Priority Program
April 2015
Paper Pen
Capital Bal. 100k 350k
Add. Loan Bal. - -
Partners total Int. 100k 350k
Divide by:
Profit or loss ratio 40% 60%
Loss absorption
Balance 250k 583,333
Priority 1 to Pen - (333,333)
Balances 250k 250k
Cash Priority Payments to
Paper Pen
200k
Priority 3 amount
In excess of 199,999
Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership
Statement of Liquidation
April 2015
Cash Non-Cash Liabilities Paper, Pen,
Asset Capital Capital
Bal. before
Liquidation 50k 650k 250k 100k 350k
Aprl. Sale of
NCA & Dist.
Of losses 240k (300k) (24k) (36k)
Balances 290k 350k 250k 76k 314k
Aprl- payment
Of liab. (250k) (250k) -
Balances 40k 350k 76k 314k
Payment to
Partners (40k) (40k)
Balances 350k 76k 274k
May-Sale of
NCA & dist.
Of losses 100k (250k) (60k) (90k)
Balances 100k 100k 16k 184k
Liquidation
Expense (15k) (6k) (9k)
Balances 85k 100k 10k 175k
Payments to
Partner (85k) (85k)
Balances 100k 10k 90k
June- Sale of
NCA & Dist.
Of losses 50k (100k) (20k) (30k)
Balances 50k (10k) 60k
Add. Loss
To Pen - 10k (10k)
Balances 50k 50k
Dist. To
Pen (50k) (50k)
Nikko Emelito Silva BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Partner’s Total
Interests 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Canciller, Mariel L. BSA-1B
ReplyDeletePaper & Pen Partnership
Cash Priority Program
April 2015
Paper Pen
Capital Bal. 100k 350k
Add. Loan Bal. - -
Partners total Int. 100k 350k
Divide by:
Profit or loss ratio 40% 60%
Loss absorption
Balance 250k 583,333
Priority 1 to Pen - (333,333)
Balances 250k 250k
Cash Priority Payments to
Paper Pen
200k
Priority 3 amount
In excess of 199,999
Based on P/L ratio 40% 60%
*333,333x60%= 199,999
Paper & Pen Partnership
Statement of Liquidation
April 2015
Cash Non-Cash Liabilities Paper, Pen,
Asset Capital Capital
Bal. before
Liquidation 50k 650k 250k 100k 350k
Aprl. Sale of
NCA & Dist.
Of losses 240k (300k) (24k) (36k)
Balances 290k 350k 250k 76k 314k
Aprl- payment
Of liab. (250k) (250k) -
Balances 40k 350k 76k 314k
Payment to
Partners (40k) (40k)
Balances 350k 76k 274k
May-Sale of
NCA & dist.
Of losses 100k (250k) (60k) (90k)
Balances 100k 100k 16k 184k
Liquidation
Expense (15k) (6k) (9k)
Balances 85k 100k 10k 175k
Payments to
Partner (85k) (85k)
Balances 100k 10k 90k
June- Sale of
NCA & Dist.
Of losses 50k (100k) (20k) (30k)
Balances 50k (10k) 60k
Add. Loss
To Pen - 10k (10k)
Balances 50k 50k
Dist. To
Pen (50k) (50k)
Mary Ann Dolor Bsa-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Program
Paper Pen Paper Pen
Capital Balances 100,000 350,000 Divide by: P/L 40% 60%
Loss Absorption 250,000 583,333
Priority I. (333,333) 200,000
250,000 250,000 200,000
Paper and Pen Partnership
Statement of Liquidation
April 1 to June 2015
Cash Non-Cash Liabilities Pen,Capital Paper,Capital
Balance 50,000 650,000 250,000 100,000 350,000
Sold of Non-cash 240,000 ( 300,000) (24,000) (36000)
And distribution of
Loss
Balance 290000 350000 250000 76000 314000
Payment of (250000) (250000)
Liabilities
Balance 40000 350000 76000 314000
May-Sold of
Non-cash &
Distibution of
Loss 100000 (250000) (60000) (90000)
Balance 140000 100000 16000 224000
Liquidation Expense(15000) (6000) (9000)
Balance 125000 100000 10000 215000
(125000) (125000)
100000 10000 90000
June 50000 (100000) (20000) (30000)
Balance 50000 (10000) 60000
10000 (10000)
Balance 50000 50000
(50000) (50000)
Mary Ann Dolor Bsa-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Program
Paper Pen Paper Pen
Capital Balances 100,000 350,000 Divide by: P/L 40% 60%
Loss Absorption 250,000 583,333
Priority I. (333,333) 200,000
250,000 250,000 200,000
Paper and Pen Partnership
Statement of Liquidation
April 1 to June 2015
Cash Non-Cash Liabilities Pen,Capital Paper,Capital
Balance 50,000 650,000 250,000 100,000 350,000
Sold of Non-cash 240,000 ( 300,000) (24,000) (36000)
And distribution of
Loss
Balance 290000 350000 250000 76000 314000
Payment of (250000) (250000)
Liabilities
Balance 40000 350000 76000 314000
May-Sold of
Non-cash &
Distibution of
Loss 100000 (250000) (60000) (90000)
Balance 140000 100000 16000 224000
Liquidation Expense(15000) (6000) (9000)
Balance 125000 100000 10000 215000
(125000) (125000)
100000 10000 90000
June 50000 (100000) (20000) (30000)
Balance 50000 (10000) 60000C
10000 (10000)
Balance 50000 50000
(50000) (50000)
Allyzon O. Padaon BSA 1B
ReplyDeletePaper and Pen
Cash Priority Program
April 1, 2015
Cash Priority Payment to
Paper Pen Paper Pen
Capital Balance 100,000 350,000
Add: Loan Balance
Total Interest 100,000 350,000
Divide by: P/L Ratio 40% 60%
Loss Absorption Balance 250,000 583,333
Priority I: To Pen (333,333) 200,000
Balance 250,000 250,000 0 200,000
Paper and Pen
Statement of Liquidation
June 1, 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
Balance prior liquidation 50,000 650,000 250,000 100,000 350,000
April-Sale of NCA & dist . 240,000 (300,000) ( 24,000) (36,000)
of loss in realization
Balance 290,000 350,000 250,000 76,000 314,000
Payment of Liabilities (250,000) (250,000)
Balance 40,000 350,000 - 76,000 314,000
Payment of Partner (40,000) ( 40,000)
Balance - 350,000 76,000 274,000
May-Sale of NCA & dist. 100,000 (250,000) (60,000) (90,000)
of loss in realization
Balance 100,000 100,000 16,000 184,000
Payment of liquidation (15,000) (6,000) (9,000)
expense
Balance 85,000 100,000 10,000 175,000
Payment to Partner (85,000) (85,000)
Balance - 100,000 10,000 90,000
June-Sale of NCA & dist. 50,000 (100,000) (20,000) (30,000)
of loss in realization
Balance 50,000 - (10,000) 60,000
Additional Losses to 10,000 (10,000)
Pen
Balance 50,000 - 50,000
Distribution of Cash (50,000) (50,000)
CAUNTE, JAYMAR M. BSA 1-A
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Add: Loans Receivable ___________________
Partner’s Total Interest 100,000 350,000
Profit and Loss Ratio: 40% 60%__
Loss Absorption Balances 250,000 583,333
Priority I: (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
CAUNTE, JAYMAR M. BSA 1-A -continuation
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash Non-Cash Liabilities Paper, Pen,
Assets Capital Capital
*Profit and Loss Ratio 40% 50%
*Balance Before 50,000 650,000 250,000 100,000 350,000
Liquidation
*Sale of Asset and 240,000 (300,000) (24,000) (36,000)
Distribution of Loss _____________________________________________________
*Balances 290,000 350,000 250,000 76,000 314,000
*Payment of Liabilities (250,000) (250,000)
*Balance 40,000 350,000 76,000 314,000
*Cash Distribution (40,000) (40,000)
*Balance 0 350,000 76,000 274,000
*Sale of Asset 100,000 (250,000) (60,00) (90,000)
*Balance 100,000 100,000 16,000 184,000
*Payment of Expenses (15,000) (6,000) (9,000)
*Balance 85,000 100,000 10,000 175,000
*Distribution of Cash (85,000) (85,000)
*Balance 0 100,000 10,000 90,000
*Sale of Asset 50,000 (100,000) (20,000) (30,000)
*Balance 50,000 (10,000) 60,000
*Absorption of
Deficiency 50,000 10,000 (10,000)
* Balance 50,000 50,000
*Final Distribution
of Cash (50,000) (50,000)
LOCOP, JUN JOSHUA O. BSA 1-A
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Add: Loans Receivable ___________________
Partner’s Total Interest 100,000 350,000
Profit and Loss Ratio: 40% 60%__
Loss Absorption Balances 250,000 583,333
Priority I: (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
LOCOP, JUN JOSHUA O. BSA 1-A -Continuation
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash Non-Cash Liabilities Paper, Pen,
Assets Capital Capital
*Profit and Loss Ratio 40% 50%
*Balance Before 50,000 650,000 250,000 100,000 350,000
Liquidation
*Sale of Asset and 240,000 (300,000) (24,000) (36,000)
Distribution of Loss _____________________________________________________
*Balances 290,000 350,000 250,000 76,000 314,000
*Payment of Liabilities (250,000) (250,000)
*Balance 40,000 350,000 76,000 314,000
*Cash Distribution (40,000) (40,000)
*Balance 0 350,000 76,000 274,000
*Sale of Asset 100,000 (250,000) (60,00) (90,000)
*Balance 100,000 100,000 16,000 184,000
*Payment of Expenses (15,000) (6,000) (9,000)
*Balance 85,000 100,000 10,000 175,000
*Distribution of Cash (85,000) (85,000)
*Balance 0 100,000 10,000 90,000
*Sale of Asset 50,000 (100,000) (20,000) (30,000)
*Balance 50,000 (10,000) 60,000
*Absorption of
Deficiency 50,000 10,000 (10,000)
* Balance 50,000 50,000
*Final Distribution
of Cash (50,000) (50,000)
TURLA, MARK JAY L. BSA-1-A
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Add: Loans Receivable ___________________
Partner’s Total Interest 100,000 350,000
Profit and Loss Ratio: 40% 60%__
Loss Absorption Balances 250,000 583,333
Priority I: (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
TURLA, MARK JAY L. BSA 1-A- Continuation
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash Non-Cash Liabilities Paper, Pen,
Assets Capital Capital
*Profit and Loss Ratio 40% 50%
*Balance Before 50,000 650,000 250,000 100,000 350,000
Liquidation
*Sale of Asset and 240,000 (300,000) (24,000) (36,000)
Distribution of Loss _____________________________________________________
*Balances 290,000 350,000 250,000 76,000 314,000
*Payment of Liabilities (250,000) (250,000)
*Balance 40,000 350,000 76,000 314,000
*Cash Distribution (40,000) (40,000)
*Balance 0 350,000 76,000 274,000
*Sale of Asset 100,000 (250,000) (60,00) (90,000)
*Balance 100,000 100,000 16,000 184,000
*Payment of Expenses (15,000) (6,000) (9,000)
*Balance 85,000 100,000 10,000 175,000
*Distribution of Cash (85,000) (85,000)
*Balance 0 100,000 10,000 90,000
*Sale of Asset 50,000 (100,000) (20,000) (30,000)
*Balance 50,000 (10,000) 60,000
*Absorption of
Deficiency 50,000 10,000 (10,000)
* Balance 50,000 50,000
*Final Distribution
of Cash (50,000) (50,000)
ENDONG, MARK MILLAN N. BSA-1A
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments
PAPER PEN PAPER PEN
Capital Bal. 100 000 350 000
Divide: P/L Ratio 40% 60%
----------------------------------
Loss Absorption Bal. 250 000 583 333
Priority I: To Pen (333 333) 200 000
---------------------------------------- ------------------
250 000 250 000 200 000
====== ======= ==========
Paper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash Non-Cash Liabilities Paper, Cap. Pen, Cap
Balances 50 000 650 000 250 000 100 000 350 000
Sale of NCA 240 000 (300 000) (24 000) (36 000)
Balances 290 000 350 000 250 000 76 000 314 000
Payment of
Liabilities (250 000) (250 000)
=======
Balances 40 000 350 000 76 000 314 000
Dist. Of Cash (40 000) (40 000)
Sale of NCA 100 000 (250 000) (60 000) (90 000)
Balances 100 000 100 000 16 000 184 000
Payment of
Liquidation Exp. (15 000) (6 000) (9 000)
Balances 85 000 100 000 10 000 175 000
Dist. Of Cash (85 000) (85 000)
Sale of NCA 50 000 (100 000) (20 000) (30 000)
=======
Balances 50 000 (10 000) (60 000)
Absorption Method 10 000 (10 000)
======
Balances 50 000 50 000
Dist. Of Cash (50 000) (50 000)
======= =======
SALVATIERRA, AIGIE GRACE M. BSA 1-B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balance 100,000 350,000
Divide:P/L Ratio 40% 60%
----------------------------
Loss Absorption Bal. 250,000 583,333
Priority I:To Pen (333,333) 200,000
---------------------------- ------------------------------
250,000 250,000 0 200,000
============== ===============
Priority II:Amounts in
excess of 200,000 40% 60%
===============
Page 1 of 2
SALVATIERRA, AIGIE GRACE M. BSA 1-B
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
June 2015
Cash Non-Cash Assets Liabilities Paper,Capital Pen,Capital
P/L Ratio 40% 60%
=====================
Balance before
Liquidation 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
------------------------------------------------------------------------------------------------------
Balance 290,000 350,000 250,000 76,000 314,000
April-Payment
of Liabilities (250,000) (250,000)
-------------------------------------------=========------------------------------------------
Balance 40,000 350,000 76,000 314,000
April-Dist. of
Cash (40,000) (40,000)
========------------------------ ---------------------------------------
Balance 350,000 76,000 274,000
May-Sale of
NCA 100,000 (250,000) (60,000) (90,000)
------------------------------------- ---------------------------------------
Balance 100,000 100,000 16,000 184,000
May-Payment
of Liq. Exp. (15,000) (6,000) (9,000)
------------------------------------ ------------------------------------
Balance 85,000 100,000 10,000 175,000
May-Dist. of
Cash (85,000) (85,000)
========-------------------- -------------------------------------
Balance 100,000 10,000 90,000
June-Sale of
NCA 50,000 (100,000) (20,000) (30,000)
----------------========== -------------------------------------
Balance 50,000 (10,000) 60,000
June-Add'l
Loss to Pen 10,000 (10,000)
--------------- =========-------------------
Balance 50,000 50,000
Distribution of
Cash (50,000) (50,000)
======= =======
Page 2 of 2
BASILAN, ANGIELYN I. BSA 1-B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balance 100,000 350,000
Divide:P/L Ratio 40% 60%
----------------------------
Loss Absorption Bal. 250,000 583,333
Priority I:To Pen (333,333) 200,000
---------------------------- ------------------------------
250,000 250,000 0 200,000
============== ===============
Priority II:Amounts in
excess of 200,000 40% 60%
===============
PAGE 1 OF 2
BASILAN, ANGIELYN I. BSA 1-B
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
June 2015
Cash Non-Cash Assets Liabilities Paper,Capital Pen,Capital
P/L Ratio 40% 60%
=====================
Balance before
Liquidation 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
------------------------------------------------------------------------------------------------------
Balance 290,000 350,000 250,000 76,000 314,000
April-Payment
of Liabilities (250,000) (250,000)
-------------------------------------------=========------------------------------------------
Balance 40,000 350,000 76,000 314,000
April-Dist. of
Cash (40,000) (40,000)
========------------------------ ---------------------------------------
Balance 350,000 76,000 274,000
May-Sale of
NCA 100,000 (250,000) (60,000) (90,000)
------------------------------------- ---------------------------------------
Balance 100,000 100,000 16,000 184,000
May-Payment
of Liq. Exp. (15,000) (6,000) (9,000)
------------------------------------ ------------------------------------
Balance 85,000 100,000 10,000 175,000
May-Dist. of
Cash (85,000) (85,000)
========-------------------- -------------------------------------
Balance 100,000 10,000 90,000
June-Sale of
NCA 50,000 (100,000) (20,000) (30,000)
----------------========== -------------------------------------
Balance 50,000 (10,000) 60,000
June-Add'l
Loss to Pen 10,000 (10,000)
--------------- =========-------------------
Balance 50,000 50,000
Distribution of
Cash (50,000) (50,000)
======= =======
PAGE 2 OF 2
ARTECHE, RACHELLE NINA V. BSA 1-B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balance 100,000 350,000
Divide:P/L Ratio 40% 60%
----------------------------
Loss Absorption Bal. 250,000 583,333
Priority I:To Pen (333,333) 200,000
---------------------------- ------------------------------
250,000 250,000 0 200,000
============== ===============
Priority II:Amounts in
excess of 200,000 40% 60%
===============
Page 1 of 2
ARTECHE, RACHELLE NINA V. BSA 1-B
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
June 2015
Cash Non-Cash Assets Liabilities Paper,Capital Pen,Capital
P/L Ratio 40% 60%
=====================
Balance before
Liquidation 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
------------------------------------------------------------------------------------------------------
Balance 290,000 350,000 250,000 76,000 314,000
April-Payment
of Liabilities (250,000) (250,000)
-------------------------------------------=========------------------------------------------
Balance 40,000 350,000 76,000 314,000
April-Dist. of
Cash (40,000) (40,000)
========------------------------ ---------------------------------------
Balance 350,000 76,000 274,000
May-Sale of
NCA 100,000 (250,000) (60,000) (90,000)
------------------------------------- ---------------------------------------
Balance 100,000 100,000 16,000 184,000
May-Payment
of Liq. Exp. (15,000) (6,000) (9,000)
------------------------------------ ------------------------------------
Balance 85,000 100,000 10,000 175,000
May-Dist. of
Cash (85,000) (85,000)
========-------------------- -------------------------------------
Balance 100,000 10,000 90,000
June-Sale of
NCA 50,000 (100,000) (20,000) (30,000)
----------------========== -------------------------------------
Balance 50,000 (10,000) 60,000
June-Add'l
Loss to Pen 10,000 (10,000)
--------------- =========-------------------
Balance 50,000 50,000
Distribution of
Cash (50,000) (50,000)
======= =======
Page 2 of 2
BANDILLA, PEACHY M. BSA 1-A Page 1 of 2
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balance 100,000 350,000
Divide:P/L Ratio 40% 60%
----------------------------
Loss Absorption Bal. 250,000 583,333
Priority I:To Pen (333,333) 200,000
---------------------------- ------------------------------
250,000 250,000 0 200,000
============== ===============
Priority II:Amounts in
excess of 200,000 40% 60%
===============
BANDILLA, PEACHY M. BSA 1-A Page 2 of 2
ReplyDeletePaper and Pen Partnership
Statement of Liquidation
June 2015
Cash Non-Cash Assets Liabilities Paper,Capital Pen,Capital
P/L Ratio 40% 60%
=====================
Balance before
Liquidation 50,000 650,000 250,000 100,000 350,000
April-Sale of
NCA 240,000 (300,000) (24,000) (36,000)
------------------------------------------------------------------------------------------------------
Balance 290,000 350,000 250,000 76,000 314,000
April-Payment
of Liabilities (250,000) (250,000)
-------------------------------------------=========------------------------------------------
Balance 40,000 350,000 76,000 314,000
April-Dist. of
Cash (40,000) (40,000)
========------------------------ ---------------------------------------
Balance 350,000 76,000 274,000
May-Sale of
NCA 100,000 (250,000) (60,000) (90,000)
------------------------------------- ---------------------------------------
Balance 100,000 100,000 16,000 184,000
May-Payment
of Liq. Exp. (15,000) (6,000) (9,000)
------------------------------------ ------------------------------------
Balance 85,000 100,000 10,000 175,000
May-Dist. of
Cash (85,000) (85,000)
========-------------------- -------------------------------------
Balance 100,000 10,000 90,000
June-Sale of
NCA 50,000 (100,000) (20,000) (30,000)
----------------========== -------------------------------------
Balance 50,000 (10,000) 60,000
June-Add'l
Loss to Pen 10,000 (10,000)
--------------- =========-------------------
Balance 50,000 50,000
Distribution of
Cash (50,000) (50,000)
======= =======
Paper and Pen Partnership
ReplyDeleteCash Priority Program
April 1, 2015
Paper Pen
Capital Balances 100,000 350,000
Divide by P/L ratio 40% 60%
______________________
Loss Absorption 250,000 583,000
Priority I: To Pen (333,333)
______________________
250,000 250,000
Priority II: Amount in Excess of 250,000 based on P/L ratio.
Cash Priority Payments to:
Paper Pen
- 200,000
_________________
- 200,000
=================
• 333,333 x 60% = 200,000
Paper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash Non-Cash Liabilities Liquidating Paper, Pen,
Assets Expense Capital Capital
Balances 50,000 650,000 250,000 15,000 100,000 350,000
April-Sale
Of NCA 240,000 (300,000) (24,000) (36,000)
____________________________________________________
Balances 290,000 350,000 250,000 15,000 76,000 314,000
Payment
Of Liab. (250,000) (250,000)
________________=========__________________________
Balances 40,000 350,000 15,000 76,000 314,000
Dist. of cash (40,000) (40,000)
____________________________________________________
Balances - 350,000 15,000 76,000 274,000
May- Sale
Of NCA 100,000 (250,000) (60,000) (90,000)
_____________________________________________________
Balances 100,000 100,000 15,000 16,000 184,000
Payment
Of LE (15,000) (15,000) (6,000) (9,000)
_____________________________========_______________
Balances 85,000 100,000 10,000 175,000
Dist of cash (85,000) (85,000)
______________________________________________________
Balances - 100,000 10,000 90,000
June- sale
Of NCA 50,000 (100,000) (20,000) (30,000)
_______=======________________________________________
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
___________________________________=======_____________
Balances 50,000 50,000
(50,000) (50,000)
======= ======
- Nicudemus Carlou D. Capellan BSA-1B :)
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Paper Pen
Capital Balances 100,000 350,000
Divide by P/L ratio 40% 60%
______________________
Loss Absorption 250,000 583,000
Priority I: To Pen (333,333)
______________________
250,000 250,000
Priority II: Amount in Excess of 250,000 based on P/L ratio.
Cash Priority Payments to:
Paper Pen
- 200,000
__________________
- 200,000
================
• 333,333 x 60% = 200,000
Paper and Pen Partnership
Statement of Liquidation
April 1, 2015
Cash Non-Cash Liabilities Liquidating Paper, Pen,
Assets Expense Capital Capital
Balances 50,000 650,000 250,000 15,000 100,000 350,000
April-Sale
Of NCA 240,000 (300,000) (24,000) (36,000)
____________________________________________________
Balances 290,000 350,000 250,000 15,000 76,000 314,000
Payment
Of Liab. (250,000) (250,000)
________________=========__________________________
Balances 40,000 350,000 15,000 76,000 314,000
Dist. of cash (40,000) (40,000)
____________________________________________________
Balances - 350,000 15,000 76,000 274,000
May- Sale
Of NCA 100,000 (250,000) (60,000) (90,000)
_____________________________________________________
Balances 100,000 100,000 15,000 16,000 184,000
Payment
Of LE (15,000) (15,000) (6,000) (9,000)
_____________________________========_______________
Balances 85,000 100,000 10,000 175,000
Dist of cash (85,000) (85,000)
______________________________________________________
Balances - 100,000 10,000 90,000
June- sale
Of NCA 50,000 (100,000) (20,000) (30,000)
_______=======________________________________________
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
___________________________________======_____________
Balances 50,000 50,000
(50,000) (50,000)
======= ======
Reynanel Argales BSA-1A
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Divided by: Profit
Or Loss Ratio 40% 60%
Loss Absorption
Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash Liabilities Paper, Capital Pen, Capital
Asset
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale
of NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of
Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale
of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation
Expense (15,000) (6,000) (9,000)
Balances 85,000 10,000 175,000
May-Installment
to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale
of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment
to Partners (50,000) (50,000)
Busa, Aaron Noel O.
ReplyDeleteBSA-1A
Paper & Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to:
Paper Pen Paper Pen
Capital Bal. 100 000 350 000
P/L Ratio 40% 60%
-------------------------
Loss Absorption Bal. 250 000 583 333
----------------------------
(333 333) 0 200 000
250 000 250 000 0 200 000
----------------------------------------------------------------------------------------------------------------------
Paper & Pen Partnership
Statement of Liquidation
April - June 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
Bal. before liquidation 50 000 650 000 250 000 100 000 350 000
April- Sale of NCA 240 000 (300 000) (24 000) (36 000)
------------------------------------------------------------------------------
Balances 290 000 350 000 250 000 76 000 314 000
Payment of Liabilities (250 000) (250 000)
------------------------------------------------------------------------------
Balances 40 000 350 000 ------------- 76 000 314 000
Payment to Pen (40 000) (40 000)
------------------------- ------------------------
Balances 0 350 000 76 000 274 000
May-Sale of NCA 100 000 (250 000) (60 000) (90 000)
-------------------------- ------------------------
Balances 100 000 100 000 16 000 184 000
Payment of expense (15 000) (6 000) (9 000)
----------------------------- -------------------------
Balances 85 000 100 000 10 000 175 000
Payment to Pen (85 000) (85 000)
--------------------------- -----------------------
Balances 0 100 000 10 000 90 000
June-Sale of NCA 50 000 (100 000) (20 000) (30 000)
--------------------------- ------------------------
Balances 50 000 (10 000) 60 000
Payment to Pen 50 000 (50 000)
-----------------------
Balances (10 000) 10 000
P/L Ratio 40% 60%
Mary Mae C. Cesora BSA- 1B
ReplyDeleteFor the month of April 2015
Cash 240 000
Paper, Capital 24 000
Pen, Capital 36 000
Assets 300 000
To record sale of assets.
Liabilities 250 000
Cash 250 000
To record payment of liabilities.
Pen, Capital 40 000
Cash 40 000
To record distribution of cash.
For the month of May
Cash 100 000
Paper, Capital 60 000
Pen, Capital 90 000
Assets 250 000
To record sale of assets.
Paper, Capital 6000
Pen, Capital 9000
Cash 15 000
To record payment of expense.
Pen, Capital 85 000
Cash 85 000
To record distribution of cash.
For the month of June
Cash 50 000
Paper, Capital 20 000
Pen, Capital 30 000
Assets 100 000
To record sale of assets.
Pen, Capital 50 000
Cash 50 000
To record distribution of cash.
Mary Mae C. Cesora BSA-1B
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 31, 2015
Paper Pen
Capital Balance 100 000 350 000
Add:Loan balance _______ ________
Partners total interest 100 000 350 000
Divide by P/L ratio 40% 60%
Balance 250 000 583333
Priority 1 To Pen ______ (333 333)
250 000 250 000
Paper and Pen Partnership
ReplyDeleteStatement of Liquidation
June 30 2015
Cash NCA Liabilities Paper, Capital Pen, Capital
P/L 40% 60%
Bal. 50 000 650000 250 000 100 000 350 000
NCA and dist. of loss 240000 (300000) ___ (24000) (36000)
Bal. 290000 350000 250000 76 0000 314000
Payment of liab. (250000) ____ ( 250000) ____ _____
Balance 40 000 350 000 76 000 314 000
Dist.of Cash (40 000) _____ _____ (40000)
Bal. 350 000 76 000 274 000
May-Sale of NCA 100 000 (250000) (60000) (90000)
Bal. 100000 100000 16000 184 000
Payment of exp. (15000) -___ (6000) (9000)
Bal. 85 000 100000 10000 175000
Dist.of Cash (85 000) _____ ______ (85 000)
Bal. 100000 10 000 90000 June- Sale of NCA 50000 (100000) (20000) (30000)
Bal. 50000 (10000) 60000
Add: losses _____ 10000 (10000)
Bal 50000 50000
Dist of Cah (50000) (50000)
Dacuno, Rayñel Ed L. BSA - 1A
ReplyDelete1. Paper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
100,000 350,000
40% 60%
------------------------------
250,000 583,333
(333,333) 200,000
----------------------------------------------------------------------------------------------
250,000 250,000 200,000
====== ====== =======
2. Paper and Pen Partnership
Statement of Liquidation
June 30, 2015
Cash Non-Cash Assets Liabilities Paper, Capital Pen, Capital
50,000 650,000 250,000 100,000 350,000
240,000 (300,000) (24,000) (36,000)
----------------------------------------------------------------------------------------------------------------------
290,000 350,000 250,000 76,000 314,000
(250,000) (250,000)
----------------------------------------------------------------------------------------------------------------------
40,000 350,000 --- 76,000 314,000
(40,000) (40,000)
----------------------------------------------------------------------------------------------------------------------
0 350,000 76,000 274,000
100,000 (250,000) (60,000) (90,000)
----------------------------------------------------------------------------------------------------------------------
100,000 100,000 16,000 184,000
(15,000) (6,000) (9,000)
----------------------------------------------------------------------------------------------------------------------
85,000 100,000 10,000 175,000
(85,000) (85,000)
----------------------------------------------------------------------------------------------------------------------
0 100,000 10,000 90,000
50,000 (100,000) (20,000) (30,000)
----------------------------------------------------------------------------------------------------------------------
50,000 --- (10,000) 60,000
10,000 (10,000)
----------------------------------------------------------------------------------------------------------------------
50,000 --- 50,000
(50,000) (50,000)
===========================================================
Cash Priority Program
ReplyDeletePaper Pen Cash Priority Payment to
Cap. Bal. 100000 350000 Paper Pen
P/L 40% 60%
------------------------------
250000 583333
Priority 1:
To Pen (333333) 200000
--------------------------------- -----------------------------------
250000 250000 -0- 200000
===================== =======================
40% 60%
=======================
Paper and Pen
Statement of Liquidation
April 1- June 30, 2015
Cash NCA Liability Paper Pen
P/L 40% 60%
Cap. Bal. 50000 650000 250000 100000 350000
Partial sale of NCA 24000 (300000) (24000) (36000)
------------------------------------------------------------------------------------------------
Balance 290000 350000 250000 76000 314000
Payment of Liability (250000) (250000)
-----------------------------------------========------------------------------------------
Balance 40000 350000 76000 314000
Partial Sale of NCA 100000 (250000) (60000) (90000)
----------------------------------------- ---------------------------------
Balance 140000 100000 16000 224000
Write-offs (15000) (6000) (9000)
----------------------------------------- ---------------------------------
Balance 125000 100000 10000 215000
Priority 1: to Pen (125000) (125000)
----------------------------------------- -----------------------------------
Balance 100000 10000 90000
Final Sale of NCA 50000 (100000) (20000) (30000)
------------------=========--------- -----------------------------------
Balance 50000 (10000) 60000
Absorption of capital
deficiency 10000 (10000)
----------------- ============------------
Balance 50000 50000
Final distribution
to Pen (50000) (50000)
========== =======
Iris L. Prisno
BSA-1A
Cash Priority Program
ReplyDeletePaper Pen Cash Priority Payment to
Cap. Bal. 100000 350000 Paper Pen
P/L 40% 60%
------------------------------
250000 583333
Priority 1:
To Pen (333333) 200000
--------------------------------- -----------------------------------
250000 250000 -0- 200000
===================== =======================
40% 60%
=======================
Paper and Pen
Statement of Liquidation
April 1- June 30, 2015
Cash NCA Liability Paper Pen
P/L 40% 60%
Cap. Bal. 50000 650000 250000 100000 350000
Partial sale of NCA 24000 (300000) (24000) (36000)
------------------------------------------------------------------------------------------------
Balance 290000 350000 250000 76000 314000
Payment of Liability (250000) (250000)
-----------------------------------------========------------------------------------------
Balance 40000 350000 76000 314000
Partial Sale of NCA 100000 (250000) (60000) (90000)
----------------------------------------- ---------------------------------
Balance 140000 100000 16000 224000
Write-offs (15000) (6000) (9000)
----------------------------------------- ---------------------------------
Balance 125000 100000 10000 215000
Priority 1: to Pen (125000) (125000)
----------------------------------------- -----------------------------------
Balance 100000 10000 90000
Final Sale of NCA 50000 (100000) (20000) (30000)
------------------=========--------- -----------------------------------
Balance 50000 (10000) 60000
Absorption of capital
deficiency 10000 (10000)
----------------- ============------------
Balance 50000 50000
Final distribution
to Pen (50000) (50000)
========== =======
ALWIN Q. FLORENDO
BSA-1A
angela c. ramos bsa 1-a
ReplyDeletePaper and Pen
Statement of liquidaton
April 1 to june 30 2015
Cash NCA Liab. Paper, capital Pen, Capital
Balance before liquidation 50k 650k 250k 100k 350k
April-liquidation 240k (300k) (24k) (36k)
Balance 290k 350k 250k 76k 314k
Payments to liab. (250k) (250k)
Balance 40k 350k 76k 314k
April-installment (40k) (16k) (24k)
Balance 350k 60k 290k
May-realization 100k (250k) (60k) (90k)
Balance 100k 100k 200k
Liquidation exp. (15k) (6k) (9k)
Balance 85k 100k (6k) 191k
May-installment (85k) 100k (34k) (51k)
Balance 100k (40k) 140k
Absorption 40k ( 40k)
Balance 100k 100k
June-realization 50k (100k) (50k)
Balance 50k 50k
Final cash (50k) (50k)
Paper and pen
Cash priority program
April1, 2015
CPP to
Paper Pen Paper Pen
Capital balance 100k 350k
Add: loan bal. - -
Partner’s total int. 100k 350k
Divided by: P\L ratio 40% 60%
Less absorption bal. 250k 583,333
Priority 1: to Pen 333,333 200k
250k 250k 200k
Boreres, Yvette R. bsa1a
ReplyDeletePaper and Pen
Statement of liquidaton
April 1 to june 30 2015
Cash NCA Liab. Paper, capital Pen, Capital
Balance before liquidation 50k 650k 250k 100k 350k
April-liquidation 240k (300k) (24k) (36k)
Balance 290k 350k 250k 76k 314k
Payments to liab. (250k) (250k)
Balance 40k 350k 76k 314k
April-installment (40k) (16k) (24k)
Balance 350k 60k 290k
May-realization 100k (250k) (60k) (90k)
Balance 100k 100k 200k
Liquidation exp. (15k) (6k) (9k)
Balance 85k 100k (6k) 191k
May-installment (85k) 100k (34k) (51k)
Balance 100k (40k) 140k
Absorption 40k ( 40k)
Balance 100k 100k
June-realization 50k (100k) (50k)
Balance 50k 50k
Final cash (50k) (50k)
Paper and pen
Cash priority program
April1, 2015
CPP to
Paper Pen Paper Pen
Capital balance 100k 350k
Add: loan bal. - -
Partner’s total int. 100k 350k
Divided by: P\L ratio 40% 60%
Less absorption bal. 250k 583,333
Priority 1: to Pen 333,333 200k
250k 250k 200k
hermosilla merilyn bsa1a
ReplyDeletePaper and Pen
Statement of liquidaton
April 1 to june 30 2015
Cash NCA Liab. Paper, capital Pen, Capital
Balance before liquidation 50k 650k 250k 100k 350k
April-liquidation 240k (300k) (24k) (36k)
Balance 290k 350k 250k 76k 314k
Payments to liab. (250k) (250k)
Balance 40k 350k 76k 314k
April-installment (40k) (16k) (24k)
Balance 350k 60k 290k
May-realization 100k (250k) (60k) (90k)
Balance 100k 100k 200k
Liquidation exp. (15k) (6k) (9k)
Balance 85k 100k (6k) 191k
May-installment (85k) 100k (34k) (51k)
Balance 100k (40k) 140k
Absorption 40k ( 40k)
Balance 100k 100k
June-realization 50k (100k) (50k)
Balance 50k 50k
Final cash (50k) (50k)
Paper and pen
Cash priority program
April1, 2015
CPP to
Paper Pen Paper Pen
Capital balance 100k 350k
Add: loan bal. - -
Partner’s total int. 100k 350k
Divided by: P\L ratio 40% 60%
Less absorption bal. 250k 583,333
Priority 1: to Pen 333,333 200k
250k 250k 200k
ReplyDeletePaper and Pen Partnership
Cash Priority Program
April 1, 2015
Cash Priority Payments to
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Divided by: Profit or Loss Ratio 40% 60%
Loss Absorption Balances 250,000 583,333
Priority I: To Pen (333,333) 200,000
250,000 250,000 -0- 200,000
40% 60%
Paper and Pen Partnership
Statement of Liquidation
April – June 2015
Cash Non-Cash asset Liabilities Paper, Capital Pen, Capital
P/L 40% 60%
Balances 50,000 650,000 250,000 100,000 350,000
April-Sale of NCA 240,000 (300,000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of Liabilities (250,000) (250,000)
Balances 40,000 76,000 314,000
April-Installment to Partners (40,000) (40,000)
Balances -0- 350,000 76,000 274,000
May-Sale of NCA 100,000 (250,000) (60,000 (90,000)
Balances 100,000 100,000 16,000 184,000
Liquidation Expenses (15,000) (6,000) (9,000)
Balances 85,000 10,00 175,000
May-Installment to Partners (85,000) (85,000)
Balances -0- 100,000 10,000 90,000
June-Sale of NCA 50,000 (100,000) (20,000) (30,000)
Balances 50,000 (10,000) 60,000
Absorption 10,000 (10,000)
Balances 50,000 50,000
June-Installment to Partners (50,000) (50,000)
Pen and Paper Partnership
ReplyDeleteCash Priority Program
April 1, 2015
Cash priority payment to:
Paper Pen Paper Pen
Capital Balances 100000 350000
Divided by P/L ratio 40% 60%
Loss Absorption 250000 583333
Balances
Priority I: to Pen (333333) 200000
250000 250000 200000
====== ====== ======
Priority II: amount 40% 60%
in excess of 200000 ==== ====
based on P/L ratio
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen
Balances before 50000 650000 250000 100000 350000
liquidation
April-Sale of NCA 240000 (300000) (24000) (36000)
Balances 290000 350000 250000 76000 314000
Payment of (250000) (250000)
Liabilities
Balances 40000 350000 - 76000 314000
April-Installment
to Partners (40000) (40000)
Balances - 350000 76000 274000
May- Sale of NCA 100000 (250000) (60000) (90000)
Balances 100000 100000 16000 184000
Payment of Liquid-(15000) (6000) (9000)
ation expense
Balances 85000 100000 10000 175000
May-Installment (85000) (85000)
to Partners
Balances - 100000 10000 90000
June- Sale of 50000 (100000) (20000) (30000)
NCA
Balances 50000 - (10000) 60000
Additional loss 10000 (10000)
to Pen
Balances 50000 - 50000
June Installment(50000) (50000)
to partners ====== ======
Pen and Paper Partnership
ReplyDeleteCash Priority Program
April 1, 2015
Cash priority payment to:
Paper Pen Paper Pen
Capital Balances 100000 350000
Divided by P/L ratio 40% 60%
Loss Absorption 250000 583333
Balances
Priority I: to Pen (333333) 200000
250000 250000 200000
====== ====== ======
Priority II: amount 40% 60%
in excess of 200000 ==== ====
based on P/L ratio
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen
Balances before 50000 650000 250000 100000 350000
liquidation
April-Sale of NCA 240000 (300000) (24000) (36000)
Balances 290000 350000 250000 76000 314000
Payment of (250000) (250000)
Liabilities
Balances 40000 350000 - 76000 314000
April-Installment
to Partners (40000) (40000)
Balances - 350000 76000 274000
May- Sale of NCA 100000 (250000) (60000) (90000)
Balances 100000 100000 16000 184000
Payment of Liquid-(15000) (6000) (9000)
ation expense
Balances 85000 100000 10000 175000
May-Installment (85000) (85000)
to Partners
Balances - 100000 10000 90000
June- Sale of 50000 (100000) (20000) (30000)
NCA
Balances 50000 - (10000) 60000
Additional loss 10000 (10000)
to Pen
Balances 50000 - 50000
June Installment(50000) (50000)
to partners ====== ======
Aaron John Añora BSA-1B
Añora, Karl Joshua C. BSA-1A
ReplyDeletePen and Paper Partnership
Cash Priority Program
April 1, 2015
Cash priority payment to:
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Divided by P/L ratio 40% 60%
---------------------------------------
Loss Absorption 250,000 583,333
Balances
Priority I: to Pen (333,333) 200,000
------------------------------------------------------------------------------------
250,000 250,000 200,000
====== ====== ======
Priority II: amount 40% 60%
in excess of 200,000 ==== ====
based on P/L ratio
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen
Balances before 50,000 650,000 250,000 100,000 350,000
liquidation
April-Sale of NCA 240,000 (30,0000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of (250,000) (250,000)
Liabilities
Balances 40,000 350,000 - 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances - 350,000 76,000 274,000
May- Sale of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Payment of Liquid-(15,000) (6,000) (9,000)
ation expense
Balances 85,000 100,000 10,000 175,000
May-Installment (85,000) (85,000)
to Partners
Balances - 100,000 10,000 90,000
June- Sale of 50,000 (100,000) (20,000) (30,000)
NCA
Balances 50,000 - (10,000) 60,000
Additional loss 10,000 (10,000)
to Pen
Balances 50,000 - 50,000
June Installment(50,000) (50,000)
to partners ====== ======
Pen and Paper Partnership
ReplyDeleteCash Priority Program
April 1, 2015
Cash priority payment to:
Paper Pen Paper Pen
Capital Balances 100,000 350,000
Divided by P/L ratio 40% 60%
---------------------------------------
Loss Absorption 250,000 583,333
Balances
Priority I: to Pen (333,333) 200,000
------------------------------------------------------------------------------------
250,000 250,000 200,000
====== ====== ======
Priority II: amount 40% 60%
in excess of 200,000 ==== ====
based on P/L ratio
Paper and Pen Partnership
Statement of Liquidation
April to June 2015
Cash Non-Cash Asets Liabilities Paper Pen
Balances before 50,000 650,000 250,000 100,000 350,000
liquidation
April-Sale of NCA 240,000 (30,0000) (24,000) (36,000)
Balances 290,000 350,000 250,000 76,000 314,000
Payment of (250,000) (250,000)
Liabilities
Balances 40,000 350,000 - 76,000 314,000
April-Installment
to Partners (40,000) (40,000)
Balances - 350,000 76,000 274,000
May- Sale of NCA 100,000 (250,000) (60,000) (90,000)
Balances 100,000 100,000 16,000 184,000
Payment of Liquid-(15,000) (6,000) (9,000)
ation expense
Balances 85,000 100,000 10,000 175,000
May-Installment (85,000) (85,000)
to Partners
Balances - 100,000 10,000 90,000
June- Sale of 50,000 (100,000) (20,000) (30,000)
NCA
Balances 50,000 - (10,000) 60,000
Additional loss 10,000 (10,000)
to Pen
Balances 50,000 - 50,000
June Installment(50,000) (50,000)
to partners ====== ======
Camarines, Sheryl T. BSA-1A
LAGONOY, LORIE LYN C. BSA-1B
ReplyDelete1.)
Paper and Pen
Cash Priority Program
June 30, 2015
Paper Pen Cash Priority Payments to:
Capital Balances P 100,000 P 350,000 Paper Pen
Add: Loan Balances
--------------------------------------
Partner’s Total Interest P 100,000 P 350,000
Divide: By Profit and Loss Ratio 40% 60%
-------------------------------------
Loss Absorption Balances P 250,000 P583,333
Priority: To Pen (333,333) P 200,000
------------------------------------ -----------------------------------------------
P 250,000 P 250,000 P200,000
===================== ============================
40% 60%
============================
2.) Paper and Pen
Statement of Liquidation
April 1- June 30, 2015
Cash Non-Cash Assets Liabilities Paper, Capital Pen, Capital
P/L Percentages 40% 60%
Balance before Liquidation P50,000 P650,000 P250,000 P100,000 P350,000
April- Sale of Non-Cash Assets and Distribution of Loss 240,000
------------ (300,000)
------------
------------ (24,000)
------------ (36,000)
------------
Balances P290,000 P350,000 P250,000 P76,000 P314,000
April- Payment of Liabilities (250,000)
-------------
------------ (250,000)
=======
------------
------------
Balances P40,000 P350,000 P76,000 P314,000
April- Installment to Partners (40,000)
-------------
------------
------------ (40,000)
------------
Balances P 0 P350,000 P76,000 P274,000
May- Sale of Non-Cash Assets and Distribution of Loss 100,000
------------- (250,000)
------------ (60,000)
------------ (90,000)
------------
Balances P100,000 P100,000 P16,000 P184,000
May- Payment for Liquidation Expenses (15,000)
-------------
------------ (6,000)
------------ (9,000)
------------
Balances P85,000 P100,000 P10,000 P175,000
May- Installment to Partners (85,000)
-------------
------------
------------ (85,000)
------------
Balances P 0 P100,000 P10,000 P90,000
June- Sale of Non-Cash Assets and Distribution of Loss 50,000
------------- (100,000)
======= (20,000)
------------ (30,000)
------------
Balances P50,000 (P10,000) P60,000
June- Additional Loss to Pen
------------- 10,000
======= (10,000)
------------
Balances P50,000 P50,000
June- Final Installment (50,000)
======== (50,000)
=======