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    Output No. 1: Partnership: Ala, Claud Allyn G. BSA-1 Financial Accounting

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    group7 etech
    The document contains financial information for two partnerships - BT Partnership and BV Partnership. For BT Partnership, it shows the capital balances of partners B and T, their share of profit, additional investments, withdrawals, and ending capital balances. For BV Partnership, it shows the ending capital balances of partners B and Violet after admitting a new partner S and redistributing the capital.

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    Output No. 1: Partnership: Ala, Claud Allyn G. BSA-1 Financial Accounting

    Uploaded by

    group7 etech
    15 views4 pages
    The document contains financial information for two partnerships - BT Partnership and BV Partnership. For BT Partnership, it shows the capital balances of partners B and T, their share of profit, additional investments, withdrawals, and ending capital balances. For BV Partnership, it shows the ending capital balances of partners B and Violet after admitting a new partner S and redistributing the capital.

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    OUTPUT-1-ALA-CLAUD-ALLYN-

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    The document contains financial information for two partnerships - BT Partnership and BV Partnership. For BT Partnership, it shows the capital balances of partners B and T, their share of profit, additional investments, withdrawals, and ending capital balances. For BV Partnership, it shows the ending capital balances of partners B and Violet after admitting a new partner S and redistributing the capital.

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    15 views4 pages

    Output No. 1: Partnership: Ala, Claud Allyn G. BSA-1 Financial Accounting

    Uploaded by

    group7 etech
    The document contains financial information for two partnerships - BT Partnership and BV Partnership. For BT Partnership, it shows the capital balances of partners B and T, their share of profit, additional investments, withdrawals, and ending capital balances. For BV Partnership, it shows the ending capital balances of partners B and Violet after admitting a new partner S and redistributing the capital.

    Copyright:

    © All Rights Reserved
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    of 4

    ALA, CLAUD ALLYN G.

    BSA-1
    FINANCIAL ACCOUNTING

    Output No. 1:
    Partnership
    Requirement No. 1

    T, Capital 16, 980


    B, Capital 16,980

    Requirement No. 2

    B T Total
    Interest 12,852 12,168 25,020

    Salaries 48,000 48,000 96,000

    Bonus 2,898 - 2,898

    Remaining Balance (50:50) 13,041 13,041 26,082


    Total (Profit) 76,791 73,209 150,000

    Requirement No. 3
    BT Partnership
    Statement of Changes in Equity
    For the Year Ended December 31, 2019

    B T Total

    Capital Balances, Jan. 1 192,480 208,520 401,000

    Additional Investments 54,000 - 54,000

    Withdrawals (12,000) - (12,000)


    Balances before income & drawings 234,480 208,520 443,000

    Net Income 76,791 73,209 150,000

    Drawings (28,800) (28,800) (57,600)


    Capital Balances, Dec.31 282,471 252,929 535,400

    Requirement No. 4

    Cash 200,000
    B, Capital 44,880
    T, Capital 44,880
    S, Capital 289,760

    Requirement No. 5
    B, Capital 237,591
    Violet, Capital 237,591
    SOLUTIONS:

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