Case A

DATE PARTICULARS DEBIT CREDIT

Jul. 1 Cash ₱500,000.00
Office Equipment - Computers 600,000
Accumulated Depreciation - Computers 15,000
Rose, Capital 545,000
Initial Investment

Jul. 1 Office Equipment - Tables and Chairs 100,000

Guada, Capital 100,000
Initial Investment

Jul 1 Memorandum Entry

Marie invests her management expertise

Computation of total partnership capitalization:

Rose, Capital 545,000
Guada, Capital 100,000
Total Partnership Capitalization ₱645,000.00

Case B

DATE PARTICULARS DEBIT CREDIT

May 1 Building 1,500,000.00
Office Equipment 30,000.00
Mortgage Payable 300,000
Romy, Capital 1,230,000
Initial Investment

May 1 Office Equipment 220,000

Furniture and Fixture 50,000
Cash 550,000
Vic, Capital 820,000
Initial Investment

Computation of additional cash:

Romy, Capital 1,230,000
Equivalent (100-40) 0.6
Total partnership capitalization 2050000
Vic's equity interest 0.4
Vic, Capital 820,000
Non-cash investment (220,000+50,000) -270,000
Additional Cash ₱550,000.00
Case C
DEBIT CREDIT
Jul. 4 Office Equipment 320,000.00
Rosario, Capital 320,000.00

Jul. 4 Accounts Receivable 95,000.00

Furniture and Fixtures 140,000.00
Allowance for Doubtful Accounts 10,000.00
Guadalupe, Capital 225,000.00

Jul. 4 Cash 205,000.00

Office Supplies 12,000.00
Maria, Capital 217,000.00

RGM Partnership Note 1: Trade Receivables

Statement of Financial Position Accounts Receivable ₱ 95,000
July 4, 2023 Less: Allowance for Doubtful Accounts -10,000
ASSETS Total Trade Receivables ₱ 85,000
Current Assets
Cash ₱ 205,000
Trade Receivables (Note 1) 85,000
Office Supplies 12,000 Note 2: Property, Plant, and Equipment
Total Current Assets ₱ 302,000 Office Equipment ₱ 320,000
Non-Current Assets Furniture and Fixtures 140,000
Property, Plant, and Equipment (Note 2) 460,000 Total Carrying Value ₱ 460,000
Total Assets ₱ 762,000

PATNER'S EQUITY
Rosario, Capital ₱ 320,000.00
Guadalupe, Capital 225,000.00
Maria, Capital 217,000.00
Total Partners' Equity ₱ 762,000.00