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Installment and Cash Distribution.xlsx - Aye,Gnu,Wright...

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Aye,Gnu,Wright PaStatement of Partnersh31-Dec-1PART 1Cashother assetsA/Pbalances before liquidition2,00046,0006,000january:realization of asset10,500(12,000)balances12,50034,0006,000payment for liquidition expense(500)balances12,00034,0006,000payment to A/P(6,000)(6,000)balances6,00034,000-payment to partners(4,000)balances2,00034,000february:realization of asset6,000-7,000balances8,00027,000payment for liquidition expense-750balances7,25027,000payment to partners-998balances6,25227,000March:realization of asset10,000-15,000balances16,25212,000payment for liquidition expense-500balances15,75212,000payment to partners-15,151balances60012,000april:realization of asset4,000-12,000balances4,600-payment to partners-4,600Part 2Number 1CashNCAA/PBalances before liquidation60,000500,000280,000Realization 1250,000(300,000)Balances310,000200,000280,000Payment of liabilities(280,000)(280,000)Balances30,000200,000-
Payment to partners(30,000)-200,000Number 2CashNCAA/PBalances before liquidation60,000500,000280,000Realization 2225,000(250,000)Balances285,000250,000280,000Payment to liabilities(280,000)(280,000)Balances5,000250,000-Payment to partners(5,000)-Balances-250,000Number 3CashNCAA/PBalances before liquidation60,000500,000280,000Realization 3230,000(250,000)Balances290,000250,000280,000Payment to liabilities(280,000)(280,000)Balances10,000250,000-Payment to partners(10,000)Balances-250,000Number 4CashNCALoans ReceivableWhy

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Term
Winter
Professor
Ms.Hariison
Tags
Balance Sheet, tong, NCA, Moira

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