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    Exercise 4-1

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    lheamaecayabyab4
    This document contains 5 entries recording capital contributions and withdrawals for partners Camus, Cuenco, and Cerda. It shows Camus and Cuenco initially contributing $30,000 and $20,000 respectively. Other assets were purchased for $120,000 by withdrawing from their capital accounts. Later, cash was received and distributed by adjusting the partners' capital accounts.

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    Exercise 4-1

    Uploaded by

    lheamaecayabyab4
    6 views1 page
    This document contains 5 entries recording capital contributions and withdrawals for partners Camus, Cuenco, and Cerda. It shows Camus and Cuenco initially contributing $30,000 and $20,000 respectively. Other assets were purchased for $120,000 by withdrawing from their capital accounts. Later, cash was received and distributed by adjusting the partners' capital accounts.

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    Original Title

    EXERCISE 4-1

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    This document contains 5 entries recording capital contributions and withdrawals for partners Camus, Cuenco, and Cerda. It shows Camus and Cuenco initially contributing $30,000 and $20,000 respectively. Other assets were purchased for $120,000 by withdrawing from their capital accounts. Later, cash was received and distributed by adjusting the partners' capital accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views1 page

    Exercise 4-1

    Uploaded by

    lheamaecayabyab4
    This document contains 5 entries recording capital contributions and withdrawals for partners Camus, Cuenco, and Cerda. It shows Camus and Cuenco initially contributing $30,000 and $20,000 respectively. Other assets were purchased for $120,000 by withdrawing from their capital accounts. Later, cash was received and distributed by adjusting the partners' capital accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    CAYABYAB, LHEA MAE O.

    BSA-1
    ENTRY 1 DR CR
    CAMUS, CAPITAL 30,000.00
    CUENCO, CAPITAL 20,000.00
    CERDA, CAPITAL 50,000.00

    ENTRY 2 DR CR
    OTHER ASSETS 120,000.00
    CAMUS, CAPITAL 72,000.00
    CUENCO, CAPITAL 48,000.00

    DR CR
    CAMUS, CAPITAL 54,000.00
    CUENCO, CAPITAL 36,000.00
    CERDA, CAPITAL 90,000.00

    ENTRY 3 DR CR
    CASH 90,000.00
    CAMUS, CAPITAL 18,000.00
    CUENCO, CAPITAL 12,000.00
    CERDA, CAPITAL 60,000.00

    ENTRY 4 DR CR
    CASH 90,000.00
    CERDA, CAPITAL 90,000.00

    DR CR
    OTHER ASSETS 120,000.00
    CAMUS, CAPITAL 72,000.00
    CUENCO, CAPITAL 48,000.00

    ENTRY 5 DR CR
    CAMUS, CAPITAL 18,000.00
    CUENCO, CAPITAL 12,000.00
    CASH 90,000.00
    CERDA, CAPITAL 120,000.00

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