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7. Aldo, Bert and Chris formed a partnership April 30, with following assets,, Aldo Bert Chris Cash P10.000 P12.000 P30,000 Delivery trucks 150,000 28,000 Computers

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7. Aldo, Bert and Chris formed a partnership April 30, with following assets,, Aldo Bert Chris Cash P10.000 P12.000 P30,000 Delivery trucks 150,000 28,000 Computers 8,500 5.100 Office furniture 3.500 2.500 Totals P168,500 P46,800 P32.500 Although Chris has contributed the most cash to the partnership, he did not have the full amount of P30,000 available and was forced borrow P20,000. The delivery truck allocated by Aldo has mortgage of P90,000 and the partnership is to assume responsibility for the loan. The partners are to be made outside the partnership. Using the Bonus Method: a. Bert and Chris should pay Aldo, P4,600 and P20,700 respectively. b. Aldo should pay Bert and Chris, P25,300. C. Bert should pay Aldo, P25,300 and Chris P20,700

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