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29. Mapue was paid 25,000 from the partnership cash account for his withdrawal from the partnership of Holgado, Halili, and Mapue. Their capital balances were
29. Mapue was paid 25,000 from the partnership cash account for his withdrawal from the partnership of Holgado, Halili, and Mapue. Their capital balances were P40,000, P60,000, and P35,000, respectively. Income and loss is shared according to the ratio of equity balances. The journal entry to record the withdrawal of Mapue would NOT include: * (2 points) a debit to Holgado's capital account for 2,000 a debit to Mapue's capital account for 35,000 a credit to cash for 25,000 a credit to Halili's capital account for 6,000 27. Glaiza and Sheila are partners with capital investments of P400,000 and P600,000 respectively for a 4/5 interest. They share profits in the ratio of 60% for Liza and 40% for Laila. With the consent of all partners, Liezel was accepted as a new partner for a cash investment of P200,000. How much capital will be credited to Dyesabelupon her admission? * (2 points) OP200,000 OP240,000 O P250,000 OP125,000 25. On March 31, 2020, Karen admits Lanie for an interest in his business. On this date, Karen's capital account shows a balance of P250,175. The following were agreed upon before the formation of the partnership. 1. Prepaid expenses of P11,200 and accrued expenses of P4,500 are to be recognized. 2. 4% of the outstanding accounts receivable of P90,000 of Karen is to be recognized as uncollectible. 3. Lani is to be credited with a 45% interest in the partnership and is to invest cash aside from the Equipment with a book value of P48,000 and a fair value of P46,500. How much is the adjusted capital of Karen and the new capital of the partnership?* (2 points) P253,275 and P207.225 P207,225 and P460,500 P253.275 and P460,500 P159,225 and P207,200
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