1 Melai, unadjusted capital 26,400.

00
ABD (240.00)
Inventory 2,200.00
Prepaid Expense 350.00
Accrued Expense (400.00)
Adjusted Melai Capital 28,310.00

Melai (4/5) 28,310.00

Nora (1/5) 7,077.50 Equipment at FV

28,310 x 5/4 35,387.50

Joe Pete
2 Unadjusted Capital 620,000.00 800,000.00
Write off AR (20,000.00) (40,000.00)
Write down inventory (6,000.00) (7,000.00)
Write off assets (2,000.00) (3,000.00)
Adjusted Capital 592,000.00 750,000.00

TCC %
Joe 592,000.00 0.40
Pete 750,000.00 0.60
1,342,000.00

Joe, Capital 55,200.00

Pete Capital

3 Aldrin Benny
50,000.00 80,000.00
25,000.00
75,000.00 80,000.00

4 Mark Dwayne
Unadjusted Capital 59,625.00 33,500.00
Write off AR (555.00) (405.00)
Under depreciation (900.00)
Adjusted Capital 59,070.00 32,195.00

5 Kathy Nathan
Cash 116,000.00 56,000.00
Office Equipment 84,000.00
Land 36,000.00
Bldg 300,000.00
(MP) (232,000.00)
Total Capital 200,000.00 160,000.00

6 A

Under bonus method a transfer of capital is only required

7 1st Year Han 2nd Year
Beginning Capital 80,000.00 Beginning Capital
Salary 0.00 Salary
Interest (10%) 8,000.00 Interest (10%)
Bonus 0.00 Bonus
Remainder 62,400.00 Remainder
Total 70,400.00 Total

Ending Capital 150,400.00 Ending Capital

8 Dada
Date Inv/WD Balance
1/1/2022 38,000.00 38,000.00
4/1/2022 (5,000.00) 33,000.00
7/31/2022 10,000.00 43,000.00
9/30/2022 5,000.00 48,000.00
12/1/2022 4,000.00 52,000.00

Mama
Date Inv/WD Balance
1/1/2022 15,000.00 15,000.00
6/1/2022 10,000.00 25,000.00
9/1/2022 (3,000.00) 22,000.00
10/1/2022 (1,000.00) 21,000.00
11/30/2022 5,000.00 26,000.00

Dada Mama
Average Capital 40,000.00 20,000.00

Salaries 12,000.00 24,000.00

Interest (5%) 2,000.00 1,000.00
Bonus 12,200.00 0.00
Remainder (4:2) 32,533.33 16,266.67
Total 58,733.33 41,266.67
E

9 Batman Superman
Interest (10%) 20,000.00 24,000.00
Salaries 40,000.00 60,000.00
Remainder (50/50) 48,000.00 48,000.00
108,000.00 132,000.00
B

10 Interest (1.5M x 10%) 150,000.00

Salaries (30k + 60k) 90,000.00
Bonus (conditions not met) 0.00
 Total Allocations 240,000.00
Net Income 180,000.00
Overallocation 60,000.00

Lim Isko
Interest 60,000.00 90,000.00
Salary 30,000.00 60,000.00
Remainder (120,000.00) (180,000.00)
(30,000.00) (30,000.00)
B

11 Mark Luke
Salaries 126,000.00 105,000.00
Interest - 8% 75,600.00 100,800.00
Remainder 32,900.00 32,900.00
Share in Net Income (loss) 234,500.00 238,700.00
Beginning Capital 840,000.00 1,260,000.00
Additional Investment 210,000.00
Drawings - Permanent
Drawings - Temporary (105,000.00)
Ending Capital 1,284,500.00 1,393,700.00
Mark Luke
Interest 945,000.00 1,260,000.00
0.08 0.08
75,600.00 100,800.00
Average Capital Mark
Jan 1 (840K x 6/12) 420,000.00 Jan 1 (1.890M x 9/12)
Jul 1 (1.050M x 6/12) 525,000.00 Oct 1 (1.575M x 3/12)
945,000.00

12 A B
Salaries 15,000.00 30,000.00
Interest (9:6) 3,000.00 2,000.00
Bonus 0.00 0.00
Total 18,000.00 32,000.00
A

13 Dec in inventory (10,000.00)

Dec in Equipment (25,000.00)
Dec in Trademark (22,500.00)
Net Revaluation (57,500.00)

Partners Capital Revaluation

Lucio (40%) 100,000.00 (23,000.00)
Henry (40%) 90,000.00 (23,000.00)
John (20%) 45,000.00 (11,500.00)
Total 235,000.00 (57,500.00)

John Adjusted Capital 38,500.00

Add(Deduct) Loans 5,000.00 Full Revaluation
 Total Interest 43,500.00
Retirement Price 50,000.00 Lucio Capital
Revaluation of Asset (6,500.00)

Journal Entry
Asset 16,250.00
Lucio, Capital 6,500.00
Henry, Capital 3,250.00
John, Capital 6,500.00

14 Partners Total Interest Before Adjustment Adjustment (Revaluation)

Remaining Partner (75%) 315,000.00 84,000.00
Retiring Partner (25%) 70,000.00 28,000.00
Total 385,000.00

Full Revaluation 112,000.00

15 Partners TCC TAC

Acacia 480,000.00 500,000.00
Carla 520,000.00 550,000.00
Bubbles* 500,000.00 450,000.00
Total 1,500,000.00 1,500,000.00

16 Partners TCC TAC

Ail 480,000.00 855,000.00
Charish 520,000.00 895,000.00
Blaire* 500,000.00 750,000.00
Total 1,500,000.00 2,500,000.00

17 Total Aika
Beginning Capital 1,080,000.00 600,000.00
Asset Revaluation* 180,000.00 126,000.00
Balance before admission* 1,260,000.00 726,000.00
Purchase of Interest 0.00 (242,000.00)
Balance after admission 1,260,000.00 484,000.00

18 Partners TCC TAC

Mark (6) 448,000.00 238,000.00
Dave (4) 1,560,000.00 1,420,000.00
Jim (2) 680,000.00 610,000.00
Jamie (25%) 336,000.00 756,000.00
Total 3,024,000.00 3,024,000.00
336,000 answer is how much cash is the question
19 Beginning Cash 50,000.00
Proceeds 50,000.00
Liablitites (70,000.00)
Liquidation Expenses (5,000.00)
Cash Withheld 0.00
Cash Available for Distribution 25,000.00
 January (50%) June (30%)
Capital 30,000.00 50,000.00
Loans 20,000.00
Total Interest 50,000.00 50,000.00
Adjustment (47,500.00) (28,500.00)
Cash Available for Distribution 2,500.00 21,500.00
B

20 January February
Beg, Cash 5,000.00 2,000.00
Proceeds 10,500.00 6,000.00
Liabilities (6,000.00) 0.00
Liquidation Expenses (500.00) (750.00)
Cash Withheld (2,000.00) (1,000.00)
Cash Available for Distribution 7,000.00 6,250.00

Partners: Aby (50%) Bea (20%)

Capital 17,450.00 12,550.00
Loans 0.00 7,000.00
Total Interest 17,450.00 19,550.00
Loss Absorption Potential 34,900.00 97,750.00
3rd 1st
Priority Distribution 34,900.00 97,750.00
0.00 57,750.00
34,900.00 40,000.00
0.00 5,100.00
34,900.00 34,900.00

January
CAFD 7,000.00 CAFD
Less: 1st prio (Bea) 11,550.00 Less: Balance 1st prio (Bea)
Balance of 1st prio (4,550.00) Balance of 1st prio

Abby 0.00 Abby

Bea 7,000.00 Bea
Clara 0.00 Clara

March April
CAFD 7,500.00 CAFD
Less: Balance of 2nd Priority
Bea 340.00
Clara 510.00
6,650.00

Abby 3,325.00 Abby

Bea 1,670.00 Bea
Clara 2,505.00 Clara

Note: distribution is already in P&L ratio since 1st and 2nd prio are satisfied
21 Jan Feb
Beg, Cash 20,000.00 26,500.00
Proceeds 30,000.00 12,000.00
Liabilities (16,000.00) (10,000.00)
Liquidation Expenses (5,000.00) (2,750.00)
Cash Withheld (26,500.00) (18,750.00)
Cash Available for Distribution 2,500.00 7,000.00

January February
Outstanding recorded liabilities 40,000.00 Outstanding recorded liabilities
(Payment) (16,000.00) (Payment)
Unpaid 24,000.00 Unpaid

Unpaid Liab 24,000.00 Unpaid Liab

Cash withheld for unrecorded li 0.00 Cash withheld for unrecorded liab
Cash withheld for future liqui ex 2,500.00 Cash withheld for future liqui exp
26,500.00

March
Outstanding recorded liabilities 14,000.00
(Payment) (14,000.00)
Unpaid 0.00

Unpaid Liab 0.00

Cash withheld for unrecorded li 0.00
Cash withheld for future liqui ex 0.00

22 Abigail Bobby
Equities, June 30 16,000.00 20,000.00
Inventory Loss (4,000.00) (4,000.00)
Contingency Fund (800.00) (800.00)
Sub total 11,200.00 15,200.00
Possible Losses on remaining ass (6,000.00) (6,000.00)
Sub total 5,200.00 9,200.00
Eliminate Charlie deficit (5,200.00) (5,200.00)
Cash Distribution 0.00 4,000.00
D

23 Gio (40%) Van (40%)

Equities 98,000.00 175,000.00
Inventory to Annie
40k loss of Inventory (16,000.00) (16,000.00)
Possible loss on plant (112,000.00) (112,000.00)
Sub total (30,000.00) 47,000.00
Eliminate Gio deficiency 30,000.00 (20,000.00)
Balance 0.00 27,000.00

24 Lady (20%) Clarinel (30%)

 Equities 168,000.00 270,000.00
Possible Losses on remaining ass (45,000.00) (67,500.00)
Contingencies (2,400.00) (3,600.00)
Sub total 120,600.00 198,900.00
Eliminate Jig deficiency (22,600.00) (33,900.00)
Safe Payments 98,000.00 165,000.00
B

25 Baby Fred
Capital 400,000.00 480,000.00
Net Income 140,800.00 105,600.00
Interest 540,800.00 585,600.00
Total Loss (99,200/40%) (99,200.00) (74,400.00)
441,600.00 511,200.00

Beg, Cash 320,000.00 Cash Realized

Cash Realized 1,544,000.00 BV of NCA
Payment of Liability (720,000.00) Loss on Realization
Payment to partners 1,144,000.00
D
 4,500.00 2,577.50 A

TAC Dr/(Cr)
536,800.00 55,200.00
805,200.00 (55,200.00)
1,342,000.00

B
55,200.00

Carlo
25,000.00
60,000.00
85,000.00 A

C
 Han
150,400.00
0.00
15,040.00
0.00
8,000.00
23,040.00 A

173,440.00

Weight ACB
0.25 9,500.00
0.33 11,000.00
0.17 7,166.67
0.17 8,000.00
0.08 4,333.33
40,000.00

Weight ACB
0.42 6,250.00
0.25 6,250.00
0.08 1,833.33
0.17 3,500.00
0.08 2,166.67
20,000.00

36,000.00
3,000.00
12,200.00
48,800.00
100,000.00

Total
44,000.00
100,000.00
96,000.00
240,000.00
Totals
150,000.00
90,000.00
(300,000.00)
(60,000.00)

John Total
84,000.00 315,000.00
144,900.00 321,300.00
32,900.00 98,700.00
261,800.00 735,000.00
1,890,000.00 3,990,000.00
210,000.00
(315,000.00) (315,000.00)
(105,000.00) (210,000.00)
1,731,800.00 4,410,000.00 D
John
1,811,250.00
0.08
144,900.00
Luke
1,417,500.00
393,750.00
1,811,250.00

Total
45,000.00
5,000.00 use interest allowance ratio
0.00
50,000.00

Income Adjusted Capital

10,000.00 87,000.00
10,000.00 77,000.00
5,000.00 38,500.00
25,000.00 202,500.00

(16,250.00)
 93,500.00 D

Total Interest After Adjustment

399,000.00 C
98,000.00 Always at Retirement Price

Adjustment Debit (Credit) to Capital

(20,000.00)
(30,000.00)
50,000.00 A
Since the problem is silent use TCC as to TAC

Adjustment Debit (Credit) to Capital

(375,000.00)
C
(375,000.00)
(250,000.00)
(1,000,000.00)

Nicole Pricessita
480,000.00
54,000.00
534,000.00
(178,000.00) 420,000.00
356,000.00 420,000.00
B
Adjustment Debit (Credit) to Capital
210,000.00
140,000.00
70,000.00
(420,000.00) C
Since the problem is silent use TCC as to TAC
 July (20%) Total
30,000.00 110,000.00
(10,000.00) 10,000.00
20,000.00 120,000.00
(19,000.00) (95,000.00)
1,000.00 25,000.00

March April
1,000.00 2,500.00
10,000.00 5,000.00
0.00 0.00
(1,000.00) (5,000.00)
(2,500.00) 0.00
7,500.00 2,500.00

Clara (30%)
9,500.00
2,500.00
12,000.00
40,000.00
2nd
40,000.00
0.00
40,000.00
5,100.00
34,900.00

February
6,250.00
4,550.00
1,700.00 Excess

0.00
5,230.00
1,020.00

2,500.00

1,250.00
500.00 C
750.00
 March
18,750.00
12,500.00
(16,000.00)
(5,500.00)
0.00
9,750.00 B

24,000.00
(10,000.00)
14,000.00

14,000.00
2,750.00
2,000.00
18,750.00

Charlie Total
22,000.00 58,000.00
(12,000.00) (20,000.00)
(2,400.00) (4,000.00)
7,600.00 34,000.00
(18,000.00) (30,000.00)
(10,400.00) 4,000.00
10,400.00
0.00 4,000.00

Annie (20%)
175,000.00
(60,000.00)
(8,000.00)
(56,000.00)
51,000.00
(10,000.00)
41,000.00
C

Jigs (50%)
 62,000.00
(112,500.00)
(6,000.00)
(56,500.00)
56,500.00
0.00

Allan
160,000.00
105,600.00
265,600.00
(74,400.00) (248,000.00)
191,200.00 1,144,000.00

1,544,000.00
1,792,000.00 Squeeze
(248,000.00)