Date Particulars PR Debit Credit

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 1. D Cash Other Assets Accounts Receivable - Valentin Patrick, Loan Valentin, Capital Patrick, Capital Nicholas, Capital

Balances Before Liquidation 6 4 2 0 0 1 4 7 0 0 0 7 2 0 0 1 4 4 0 0 7 1 4 0 0 4 4 4 0 0 4 3 8 0 0

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Asset Realization and Loss Distribution 9 3 0 0 0 ( 1 4 7 0 0 0 ) ( 2 7 0 0 0 ) ( 1 6 2 0 0 ) ( 1 0 8 0 0 )
Balances 1 5 7 2 0 0 7 2 0 0 1 4 4 0 0 4 4 4 0 0 2 8 2 0 0 3 3 0 0 0

Loss on Realization (-10,800 x 20%) 5 4 0 0 0

2. B Cash Non-Cash Assets Liabilities Robert, Capital Recca, Capital

Balances Before Liquidation 1 0 0 0 0 0 6 0 0 0 0 0 3 0 0 0 0 0 2 0 0 0 0 0 2 0 0 0 0 0
Asset Realization and Loss Distribution 2 5 0 0 0 0 ( 6 0 0 0 0 0 ) ( 2 1 0 0 0 0 ) ( 1 4 0 0 0 0 )
Balances 3 5 0 0 0 0 3 0 0 0 0 0 ( 1 0 0 0 0 ) 6 0 0 0 0
Full Payment of Liabilities ( 3 0 0 0 0 0 ) ( 3 0 0 0 0 0 )
Balances 5 0 0 0 0 ( 1 0 0 0 0 ) 6 0 0 0 0
Additional Loss by Recca 1 0 0 0 0 ( 1 0 0 0 0 )
Balances 5 0 0 0 0 5 0 0 0 0
Payment to Partner ( 5 0 0 0 0 ) ( 5 0 0 0 0 )

3. B Mosqueda, Capital Nillas, Capital Orbeta, Capital Total

Balances Before Liquidation 4 0 0 0 0 2 5 0 0 0 5 0 0 0 7 0 0 0 0
Loss on Realization (28,000-70,000) ( 2 1 0 0 0 ) ( 1 4 0 0 0 ) ( 7 0 0 0 ) ( 4 2 0 0 0 )
Balances 1 9 0 0 0 1 1 0 0 0 ( 2 0 0 0 ) 2 8 0 0 0
Loss of Possible Insolvency of Nillas; 3:2 ( 1 2 0 0 ) ( 8 0 0 ) 2 0 0 0 0
Cash Received 1 7 8 0 0 1 0 2 0 0 0 2 8 0 0 0

4. D Cash Other Assets Liabilities Berdin, Capital Andres, Capital Inso, Capital

Balances Before Liquidation 3 0 0 0 0 3 2 0 0 0 0 5 0 0 0 0 8 0 0 0 0 1 1 5 0 0 0 1 0 5 0 0 0

Asset Realization and Loss Distribution 1 0 0 0 0 0 ( 3 2 0 0 0 0 ) ( 1 1 0 0 0 0 ) ( 6 6 0 0 0 ) ( 4 4 0 0 0 )
Balances 1 3 0 0 0 0 5 0 0 0 0 ( 3 0 0 0 0 ) 4 9 0 0 0 6 1 0 0 0
Full Payment of Liabilities ( 5 0 0 0 0 ) ( 5 0 0 0 0 )
Balances 8 0 0 0 0 ( 3 0 0 0 0 ) 4 9 0 0 0 6 1 0 0 0
Additional Loss by Andres and Inso 3 0 0 0 0 ( 1 8 0 0 0 ) ( 1 2 0 0 0 )
Balances 8 0 0 0 0 3 1 0 0 0 4 9 0 0 0
Payment to Partners ( 8 0 0 0 0 ) ( 3 1 0 0 0 ) ( 4 9 0 0 0 )

5. A Benny Nicky Total

Balances Before Liquidation 7 1 0 0 0 5 4 0 0 0 1 2 5 0 0 0

Possible Loss ( 5 5 0 0 0 ) ( 5 5 0 0 0 ) ( 1 1 0 0 0 0 )
Balances 1 6 0 0 0 ( 1 0 0 0 ) 1 5 0 0 0
Liquidation Expenses ( 5 0 0 0 ) ( 5 0 0 0 ) ( 1 0 0 0 0 )
Balances 1 1 0 0 0 ( 6 0 0 0 ) 5 0 0 0
Possible Loss to Benny ( 6 0 0 0 ) 6 0 0 0
Payment to Partners 5 0 0 0 5 0 0 0

6 Cash Non-Cash Assets Liabilities Advincula, Capital Navarro, Capital Tecson, Capital Debit

Balances Before Liquidation 2 0 0 0 0 4 2 0 0 0 0 1 7 0 0 0 0 1 0 0 0 0 0 9 0 0 0 0 8 0 0 0 0

Asset Realization and Loss Distribution 1 6 0 0 0 0 ( 4 2 0 0 0 0 ) ( 1 3 0 0 0 0 ) ( 7 8 0 0 0 ) ( 5 2 0 0 0 )
Balances 1 8 0 0 0 0 1 7 0 0 0 0 ( 3 0 0 0 0 ) 1 2 0 0 0 2 8 0 0 0
Full Payment of Liabilities ( 1 7 0 0 0 0 ) ( 1 7 0 0 0 0 )
Balances 1 0 0 0 0 ( 3 0 0 0 0 ) 1 2 0 0 0 2 8 0 0 0
Loss to Partners for Advincula Deficieny; 3:2 3 0 0 0 0 ( 1 8 0 0 0 ) ( 1 2 0 0 0 )
Balances 1 0 0 0 0 ( 6 0 0 0 ) 1 6 0 0 0
Additional Loss to Tecson for Navarro Deficiency 6 0 0 0 ( 6 0 0 0 )
Balance 1 0 0 0 0 1 0 0 0 0
Payment to Partners ( 1 0 0 0 0 ) ( 1 0 0 0 0 )

7. A Cash Other Assets Liabilities Josie, Capital K, Capital Lilly, Capital

Balances Before Liquidation 4 0 0 0 0 2 1 0 0 0 0 6 0 0 0 0 4 8 0 0 0 7 2 0 0 0 7 0 0 0 0

Asset Realization and Loss Distribution 9 0 0 0 0 ( 2 1 0 0 0 0 ) ( 6 0 0 0 0 ) ( 3 6 0 0 0 ) ( 2 4 0 0 0 )
Balances 1 3 0 0 0 0 6 0 0 0 0 ( 1 2 0 0 0 ) 3 6 0 0 0 4 6 0 0 0
Full Payment of Liabilities ( 6 0 0 0 0 ) ( 6 0 0 0 0 )
Balances 7 0 0 0 0 ( 1 2 0 0 0 ) 3 6 0 0 0 4 6 0 0 0
Additional Loss by Kaye and Lilly 1 2 0 0 0 ( 7 2 0 0 ) ( 4 8 0 0 )
Balances 7 0 0 0 0 2 8 8 0 0 4 1 2 0 0
Payment to Partners ( 7 0 0 0 0 ) ( 2 8 8 0 0 ) ( 4 1 2 0 0 )

8. D Peyton Quetin Raine Debit Credit Debit

Capital Balances 2 4 0 0 0 3 6 0 0 0 6 0 0 0 0
Loan Balances 6 0 0 0 ( 1 0 0 0 0 )
Partners' Total Interest 3 0 0 0 0 3 6 0 0 0 5 0 0 0 0
Divided by: Profit and Loss Ratio /30% /30% /40%
Loss Absorption Balances 1 0 0 0 0 0 1 2 0 0 0 0 1 2 5 0 0 0
Priority 1: To Raine ( 5 0 0 0 )
Balances 1 0 0 0 0 0 1 2 0 0 0 0 1 2 0 0 0 0
Priority 2: To Rain and Quetin ( 2 0 0 0 0 ) ( 2 0 0 0 0 )
Balances 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0
Priority 3: Amounts in Excess of P45,000

5,000 x 40% = 2,000

20,000 x 30% 6 0 0 0
20,000 x 40% 8 0 0 0

9. D Demi Evelyn Franz

Capital Balances 3 7 0 0 0 6 5 0 0 0 4 8 0 0 0
Loan Balances
Partners' Total Interest 3 7 0 0 0 6 5 0 0 0 4 8 0 0 0
Divided by: Profit and Loss Ratio /40% /40% /20%
Loss Absorption Balances 9 2 5 0 0 1 6 2 5 0 0 2 4 0 0 0 0
Priority 1: To Franz ( 7 7 5 0 0 )
Balances 9 2 5 0 0 1 6 2 5 0 0 1 6 2 5 0 0
Priority 2: To Franz and Evelyn ( 7 0 0 0 0 ) ( 7 0 0 0 0 )
Balances 9 2 5 0 0 9 2 5 0 0 9 2 5 0 0
Priority 3: Amounts in Excess of P45,000
 Cash Settlement 1 7 0 0 0
Priority 1: To Franz ( 1 5 5 0 0 )
Balances 1 5 0 0
Priority 2: To Franz and Evelyn
Franz 1/3 ( 5 0 0 )
Evelyn 2/3 ( 1 0 0 0 )
Franz Evelyn
1 5 5 0 0
5 0 0 1 0 0 0
1 6 0 0 0 1 0 0 0

10. A Cash Other Assets Liabilities Lance, Capital Roy, Capital Eddie, Capital

Balances Before Liquidation 5 0 0 0 0 2 5 0 0 0 0 6 0 0 0 0 8 0 0 0 0 9 0 0 0 0 7 0 0 0 0

Asset Realization and Loss Distribution 1 2 0 0 0 0 ( 2 5 0 0 0 0 ) ( 6 5 0 0 0 ) ( 3 9 0 0 0 ) ( 2 6 0 0 0 )
Balances 1 7 0 0 0 0 6 0 0 0 0 1 5 0 0 0 5 1 0 0 0 4 4 0 0 0
Full Payment of Liabilities ( 6 0 0 0 0 ) ( 6 0 0 0 0 )
Balances 1 1 0 0 0 0 1 5 0 0 0 5 1 0 0 0 4 4 0 0 0
Balances before liquidation
Possible loss
Balances
Liquidation expenses
Balances
Possible loss to Benny if Nicky is unable to meet his poss. deficiency
Amounts paid to each partner