Cash Other Assets = Libilities

June 1, 2018 Balances 50,000 550,000 200,000

Sold assets with book value of P 220,000 for P 180,000 180,000 -220,000 -
Updated balances 230,000 330,000 200,000
Payment of liabilities -200,000 - -200,000
Updated balances 30,000 330,000 -
Theoretical loss - -330,000 -
Updated balances considering theoretical loss 30,000 - -
Distribution to partners -20,000 - -
Updated balances 10,000 330,000 -
Sold assets with book value of P 100,000 for P 120,000 120,000 -110,000 -
Liquidation expenses -5,000 - -
Updated balances 125,000 220,000 -
Theoretical loss - -220,000 -
Updated balances considering theoretical loss 125,000 - -
Distribution to partners -125,000 - -
Updated balances - 220,000 -
Remaining assets sold for P 225,000 225,000 -220,000 -
Updated balances 225,000 - -
Final cash distribution to partners -225,000 - -
Ending balances - - -
Paraiso, Capital Ligeralde, Capital 1 20,000
225,000 175,000
-24,000 -16,000 2 72,000
201,000 159,000
- - 3 Ligeralde: 90,000
201,000 159,000 Paraiso: 135,000
-198,000 -132,000
3,000 27,000
- -20,000
201,000 139,000
6,000 4,000
-3,000 -2,000
204,000 141,000
-132,000 -88,000
72,000 53,000
-72,000 -53,000
132,000 88,000
3,000 2,000
135,000 90,000
-135,000 -90,000
- -
 Cash Other Asset = Libilities Limin Parducho

400,000 2,100,000 600,000 480,000 720,000

Sale of other assets 900,000 -1,200,000 - -150,000 -90,000
1,300,000 900,000 600,000 330,000 630,000
Liquidation expenses -20,000 - - -10,000 -6,000
1,280,000 900,000 600,000 320,000 624,000
Payment of Liabilities -600,000 - -600,000 - -
680,000 900,000 - 320,000 624,000
Anticipated Loss - -900,000 - -450,000 -270,000
680,000 - - -130,000 354,000
- - - 130,000 -78,000
680,000 - - - 276,000

Note: The Limin, Loan and Limin, Capital are merged to reflect the total partner's interest at 480,000
 Calingasan Limin: Zero
Parducho: P 276,000
700,000 Calingasan: P 404,000
-60,000
640,000
-4,000
636,000
-
636,000
-180,000
456,000
-52,000
404,000

otal partner's interest at 480,000

1
Bernardino, Lee and Ong
Cash Distribution Plan

Bernardino Lee Ong

Capital Balances 150,000 350,000 200,000
Loan Balances 100,000 100,000 150,000
Partners' Total Interst 250,000 450,000 350,000
P&L Ratio 40% 40% 20%
Loss Absorption Balances 625,000 1,125,000 1,750,000
Priority 1: To Ong - 625,000
625,000 1,125,000 1,125,000
Priority 2: To Lee and Ong - 500,000 - 500,000
625,000 625,000 625,000

Priority III: Amounts

in Excess of Php225,000.00
 2
Ong
lan
Cash Priority Payments to Loan Payable - Ong
Bernardino Lee Ong Loan Payable - Lee
Ong, Capital
Cash
To record initial cash distribution to partners.

125,000

200,000 100,000
PHP - 200,000 225,000

40% 40% 20%

 150,000
66,667
33,333
250,000
ecord initial cash distribution to partners.
 Santiago, Gorospe, Espaguera and Ronzales
Cash Distribution Plan
September 25, 2014

Santiago Gorospe
Capital Balance 50,000 25,000
Loan Balances 20,000
Partners' Total Interest 70,000 25,000
P&L Ratio 20% 25%
Loss Absorption Balance 350,000 100,000
Priority I: To Santiago - 150,000
200,000 100,000
Priority II: To Santiago, Esparaguera and Ronzales - 100,000
100,000 100,000

Priority III: Amounts in excess of Php105,000.00

tiago, Gorospe, Espaguera and Ronzales
Cash Distribution Plan
September 25, 2014

Cash Priority Payments to

Esparaguera Ronzales Santiago Gorospe Espaguera Ronzales
70,000 50,000
- 10,000
60,000 50,000
30% 25%
200,000 200,000
30,000
200,000 200,000
- 100,000 - 100,000 20,000 30,000 25,000
100,000 100,000 50,000 30,000 25,000

20% 25% 30% 25%

1
Bernardino, Lee and Ong
Cash Dpriority Program

De Guzman Seechua Longalong

Capital Balances 20,000 25,000 9,000
Loan Balances
Partners' Total Interest 20,000 25,000 9,000
P&L Ratio 4/7 2/7 1/7
Loss Absorption Balances 35,000 87,500 63,000
Priority I: To Seechua - 24,500
35,000 63,000 63,000
Priority II: To Seechua and Longalong - 28,000 - 28,000
35,000 35,000 35,000

Priority III: Amounts in

excess of Php19,000.00
 2
De Guzman
Priority I
Priority II
Cash Priority Payments to Priority III 4,000
De Guzma Seechua Longalong Cash paid to partners 4,000

3
De Guzman
Priority I
Priority II
7,000 Priority III 13,000
Cash paid to partners 13,000
8,000 4,000
- 15,000 4,000 4 De Guzman
Priority I
Priority II
4/7 2/7 1/7 Loss on realization - 8,000
Cash paid to partners - 8,000
Seechua Longalong
7,000
8,000 4,000
2,000 1,000
17,000 5,000

Seechua Longalong
7,000
8,000 4,000
6,500 3,250
21,500 7,250

Seechua Longalong Total

7,000 7,000
8,000 4,000 12,000
- 4,000 - 2,000 - 14,000
11,000 2,000 5,000