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Partnership: A Partnership Is An Association of Two or More Persons Who Own and Manage A Business For Profit
Partnership: A Partnership Is An Association of Two or More Persons Who Own and Manage A Business For Profit
Cash 34,000
Inventory 15,000
Equipment 29,000
Notes Payable 12,000
Reese Howell, Capital 66,000
Dividing Income
Rugi ……………………………………………………………………… $
50,000
Division of Income :
Annual salary allownce JS $ CM Total $
$ 60,000 48,000
Remaining Income ($ 79,000) ($ 79,000) 108,000($
Net Income ($ 19,000) ($31,000) $ 158,000)
50,000
Laba ………………………………………………………… $
240,000
Pembagian laba ke ….. Prince Bernard Total
Annual salary allownce $ 42,000 $ 0 $ 42,000
Pembagian Interest allowance 1,800* 13,500 15,300
laba
Remaining Income $ $91,350 $
Net Income 91,350 $104,850 182,700**
$ 135,150 $
* 9% x $20,000 240,000
** $240,000 - $42,000 -
Jurnal Dec 31 Income Summary $15,300 240,000
Penutup Prince, Capital 135,150
Bernard, Capital 104,850
Masuknya partner baru dengan membeli kepentingan seorang partner
assume that on June 1 Tom Andrews and Nathan Bell each sell onefifth of their
partnership equity of Bring It Consulting to Joe Canter for $10,000 in cash. On June
1, the partnership has net assets of $100,000 and both existing partners have capital
balances of $50,000 each.
This transaction is between Andrews, Bell, and Joe Canter. Perusahaan hanya
mencatat berkurangnya modal Tom Andrews and Nathan Bell dan bertambahnya
modal Joe Canter dengan jurnal :
Sebelum ada partner baru yang masuk, asset direvaluasi. Laba/rugi revaluasi
menambah/mengurangi modal partner lama
To illustrate, assume that in the preceding example the balance of the merchandise
inventory account is $14,000 and the current replacement value is $17,000. If
Andrews and Bell share net income equally, the revaluation is recorded as follows
current replacement value > daripada nilai buku berarti ada laba revaluasi
Blake Nelson invested $45,000 in the Lawrence & Kerry partnership for ownership
equity of $45,000. Prior to the investment, land was revalued to a market value of
$260,000 from a book value of $200,000. Lynne Lawrence and Tim Kerry share net
income in a 1:2 ratio
Setoran partner baru > interest Setoran partner baru < interest yang
yang diperoleh diperoleh
The capital balance of Janice Cowen $ 80,000 and Steve Dodd, Capital
$40,000. The income-sharing ratio of Cowen and Dodd was 2:1. Cowen and Dodd
agree to admit Ellen Chou to the partnership on June 1 for an investment of $30,000.
In return, Chou will receive a one-fourth equity interest in the partnership and will
share in one-fourth of the profits and losses.
Total ekuitas sebelum partner baru masuk 120,000
Perhi-
tungan Penambahan ekuitas karena masuknya partner baru 30,000
Bonus Total ekuitas setelah masuknya partner baru 150,000
Ekuitas yang diterima partner baru 1/4 dari $150,000 = 37,500
Setoran partner baru 30,000
Bonus partner baru dicatat mengurangi modal partner lama 7,500
June 1 Cash 30,000
Jurnal Janice Cowen, Capital 5,000
transaksi
Steve Dodd, Capital 2,500
Ellen Chou, Capital 37,500
Perhitungan Bonus untuk partner lama
Lowman has a capital balance of $45,000 after adjusting assets to fair market value.
Conrad contributes $26,000 to receive a 30% interest in a new partnership with
Lowman. Determine the amount and recipient of the partner bonus.
The net income for the current period should then be determined and divided
among the partners’ capital accounts. The asset accounts should also be adjusted to
current values and the amount of any adjustment divided among the capital
accounts of the partners.
Setelah income dibagi dan aset direvaluasi, didebit akun capital partner yang
meninggal tersebut dan dikredit akun liabilities
Liquidating Partnerships