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Excel Solution For Admission by Investment and Withdrawal

The document presents 12 cases showing accounting information for partnerships, including total assets, total capital contributions, asset revaluations, partner capital accounts, cash distributions, and bonus allocations. Each case displays the financial details of a different partnership transaction or change in capital accounts.

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Alice Wu
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66 views7 pages

Excel Solution For Admission by Investment and Withdrawal

The document presents 12 cases showing accounting information for partnerships, including total assets, total capital contributions, asset revaluations, partner capital accounts, cash distributions, and bonus allocations. Each case displays the financial details of a different partnership transaction or change in capital accounts.

Uploaded by

Alice Wu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Case 1.

TAC 900,000.00
TCC 900,000.00
ASSET REVALUATION/GOODWILL -

AC 300,000.00
CC 300,000.00
BONUS -

Cash 300,000.00
A, Capital 300,000.00

Case 2
TAC 900,000.00
TCC 900,000.00
ASSET REVALUATION/GOODWILL -

AC 360,000.00
CC 300,000.00
BONUS TO NEW PARTNER 60,000.00

Cash 300,000.00
C, Capital 36,000.00
P, Capital 24,000.00
A, Capital 360,000.00

Case 3
TAC 1,000,000.00
TCC 900,000.00
ASSET REVALUATION/GOODWILL 100,000.00

AC 400,000.00
CC 300,000.00
BONUS TO NEW PARTNER/SHARE IN
REVALUATION OF ASSETS 100,000.00
Less: ASSET REVALUATION - 100,000.00
BONUS TO NEW PARTNER -

Cash 300,000.00
Assets (Goodwill) 100,000.00
A, Capital 400,000.00

Case 4
TAC 800,000.00
TCC 800,000.00
ASSET REVALUATION/GOODWILL -

AC 160,000.00
CC 200,000.00
BONUS TO OLD PARTNERS - 40,000.00

Cash 200,000.00
A, Capital 160,000.00
C, Capital 24,000.00
P, Capital 16,000.00

Case 5
TAC 1,000,000.00
TCC 975,000.00
ASSET REVALUATION/GOODWILL 25,000.00

AC 375,000.00
CC 375,000.00
BONUS TO NEW PARTNER/SHARE IN
REVALUATION OF ASSETS -

Cash 375,000.00
Equipment 8,000.00
Other Assets (Goodwill 17,000.00
A, Capital 375,000.00
C, Capital 15,000.00
P, Capital 10,000.00

Case 6
TAC 1,000,000.00
TCC 900,000.00
ASSET REVALUATION/GOODWILL 100,000.00

AC 450,000.00
CC 300,000.00
BONUS TO NEW PARTNER/SHARE IN
REVALUATION OF ASSETS 150,000.00
Less: ASSET REVALUATION/GOODWIL- 100,000.00
BONUS FROM OLD PARTNERS CAPITA 50,000.00

Cash 300,000.00
Aseets (Goodwill) 100,000.00
C, Capital 30,000.00
P, Capital 20,000.00
A, Capital 450,000.00

Case 7
TAC 1,000,000.00
TCC 900,000.00
ASSET REVALUATION/GOODWILL 100,000.00

AC 250,000.00
CC 300,000.00
BONUS TO OLD PARTNERS - 50,000.00
Less: ASSET REVALUATION/GOODWIL- 100,000.00
BONUS TO OLD PARTNERS/ASSET REV- 150,000.00

Cash 300,000.00
Assets (Goodwill) 100,000.00
A, Capital 250,000.00
C, Capital 90,000.00
P, Capital 60,000.00

Case 8
TAC 1,000,000.00
TCC 900,000.00
ASSET REVALUATION/GOODWILL 100,000.00

AC 350,000.00
CC 300,000.00
BONUS TO NEW PARTNER/SHARE IN
REVALUATION OF ASSETS 50,000.00
Less: ASSET REVALUATION/GOODWIL- 100,000.00
ASSET REVALUATION CREDIT TO OLD - 50,000.00

Cash 300,000.00
Assets (Goodwill) 100,000.00
A, Capital 350,000.00
C, Capital 30,000.00
P, Capital 20,000.00

Case 9
TAC 750,000.00
TCC 750,000.00
ASSET REVALUATION/GOODWILL -

AC 100,000.00
CC 150,000.00
BONUS TO OLD PARTNER - 50,000.00
Cash 150,000.00
A, Capital 100,000.00
C, Capital 30,000.00
P, Capital 20,000.00

Case 10
TAC 850,000.00
TCC 850,000.00
ASSET REVALUATION/GOODWILL -

AC 340,000.00
CC 300,000.00
BONUS TO NEW PARTNER 40,000.00

Cash 300,000.00
C, Capital 24,000.00
P, Capital 16,000.00
A, Capital 340,000.00

Case 11
TAC 800,000.00
TCC 770,000.00
ASSET REVALUATION/GOODWILL 30,000.00

AC 150,000.00
CC 150,000.00
BONUS TO NEW PARTNER -

Cash 150,000.00
Non-cash assets 20,000.00
Other assets/Goodwill 30,000.00
A, Capital 150,000.00
C, Capital 30,000.00
P, Capital 20,000.00

Case 12
TAC 620,000.00
TCC 600,000.00
Asset revaluation 20,000.00

AC 220,000.00
CC 200,000.00
Bonus to new partner/share in goodwi 20,000.00
Less: asset revaluation - 20,000.00
Bonus from old partners -

Cash 200,000.00
Assets/Goodwill 20,000.00
A, Capital 220,000.00

Case 12
TAC 800,000.00
TCC 900,000.00
Asset revaluation - 100,000.00

AC 300,000.00
CC 300,000.00
Bonus to new partner/share in goodwi -

New p/l ratio


C 37.5%
P 25.0%

C, Capital P, Capital
400,000 200,000.00
How much to withdraw? - 100,000.00 -
300,000.00 200,000.00
C, Capital
Capital balance 350,000.00
Profit share of C 30,000.00
Loan - receivable - 40,000.00
340,000.00

Case 1
C, Capital 380,000.00
Cash 340,000.00
Loan receivable from C 40,000.00

Case 2
Bonus method
A, Capital 14,285.71
P, Capital 5,714.29
C, Capital 380,000.00
Cash 360,000.00
Loan receivable from C 40,000.00

Partial Goodwill

Asset/Goodwill 20,000.00
C, Capital 380,000.00
Cash 360,000.00
Loan receivable from C 40,000.00

Full Goodwill
Asset/Goodwill 66,666.66
C, Capital 20,000.00
A, Capital 33,333.33
P, Capital 13,333.33

C, Capital 400,000.00
Cash 360,000.00
Loan receivable from C 40,000.00

Case 3
Bonus method
C, Capital 380,000.00
Cash 310,000.00
Loan receivable from C 40,000.00
A, Capital 21,428.57
P, Capital 8,571.43

Partial Goodwill

C, Capital 380,000.00
Cash 310,000.00
Loan receivable from C 40,000.00
Asset/Goodwill 30,000.00

Full Goodwill

C, Capital 30,000.00
A, Capital 50,000.00
P, Capital 20,000.00
Asset/Goodwill 100,000.00

C, Capital 350,000.00
Cash 310,000.00
Loan receivable from C 40,000.00

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