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Parcor Chapter3 Part2 Buenaventura
Parcor Chapter3 Part2 Buenaventura
Parcor Chapter3 Part2 Buenaventura
3 Cash 32,000
Rementina, Capital 32,000
Problem 14
Cash 40,000
Abad, Capital 12,500
Ramos, Capital 5,000
Cammayo, Capital 7,500
Gonzales, Capital 65,000
Cash 40,000
Gonzales, Capital 40,000
Bonus to Gonzales
Agreed Capital
52,000
260,000
Problem 15
Required
Cash 100,000
Matuginas, Capital 8,000
Sorima, Capital 12,000
Pateno, Capital 120,000
Required
Danes's capital contribution = 30000
At the time of withdrawal, she is being paid $38000 and it is specifically given that no goodwill is recorded
Required1
Gregorio's Capital 210,000
To bank 210,000
Required2
Gregorio's Capital 210,000
Goodwill 60,000
To bank 270,000
Problem 19
2 Revaluation 750,000
Ventic's Capital 300,000
Joson's Capital 300,000
Daguiso's Capital 150,000
Problem 20
Cash 9,000
Cebedo, Capital 1,500
Basa, Capital 1,000
Ibrahim, Capital 500
Plant Assets (net) 12,000
Required
a. Retirement of partner.
b Admission of partner
Net asset after retirement of Galvan is $ 200,000. ( $ 60,000 + $ 5,000 Rivadelo capital + $ 80,000 + $ 5,000 Del Mun
Mamitag is contributing $ 20,000 for 10% share in net assets.
$ 200,000 × 10% = 20,000
Cash 20,000
Mamitag, Capital 20,000
Required
1 Burgos Albao Cero Pascual
Capital balances before settlement 500,000 250,000 350,000 250,000
Payment to Cero -250,000
Bonus to remaining partners 33,333.33 33,333.33 -150,000 33,333.33
Capital balances after settlement 533,333.33 283,333.33 - 283,333.33
1,100,000
Total
1,350,000
850,000
Total
1,350,000
1,350,000
Problem 23
Required
Asset 184,000
Shareholder's equity 184,000