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32. The amount to be received by Partner BB for the month of January?

32. The amount to be received by Partner BB for the month of January?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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43 0.00 11:19 AY AA, BB, and CC are partners sharing profits and loss in the ratio of 4:3:3, respectively. On January 1, 2019, they decided to liquidate the partnership and the balance sheet were prepared as follows: LIABILITIES and CAPITAL Lkablities 68. oon. CCJoon. AA, copital. AB. copltal. CC. conital. Total kab & copita ASSETS Cosh... Other Assets. P 1.000 F3.000 2.500 1,250 7.225 23.000 3,750 P24 000 Total Asels. P24.000 The Iolowing transactions as aresut of iquidation ware an tolloWs hook value Payment of of ossels Proceed tiquidation hom soe Eaenses P 250 375 500 2.500 Payment Cosh Junuory P6.000 Febnuory 3.500 March P5,250 3,000 5.000 2.500 to Creciton Withheld P1.000 S00 1.250 P3.000 7 S00 6000 April 32. The amount to be received by Partner BB for the month of January? * Your answer 33. The amount to be received by Partner CC for the month of February? * Your answer
Transcribed Image Text:43 0.00 11:19 AY AA, BB, and CC are partners sharing profits and loss in the ratio of 4:3:3, respectively. On January 1, 2019, they decided to liquidate the partnership and the balance sheet were prepared as follows: LIABILITIES and CAPITAL Lkablities 68. oon. CCJoon. AA, copital. AB. copltal. CC. conital. Total kab & copita ASSETS Cosh... Other Assets. P 1.000 F3.000 2.500 1,250 7.225 23.000 3,750 P24 000 Total Asels. P24.000 The Iolowing transactions as aresut of iquidation ware an tolloWs hook value Payment of of ossels Proceed tiquidation hom soe Eaenses P 250 375 500 2.500 Payment Cosh Junuory P6.000 Febnuory 3.500 March P5,250 3,000 5.000 2.500 to Creciton Withheld P1.000 S00 1.250 P3.000 7 S00 6000 April 32. The amount to be received by Partner BB for the month of January? * Your answer 33. The amount to be received by Partner CC for the month of February? * Your answer
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