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The amount of cash received by Na was The following condensed balance sheet was prepared for Bi, Na, and Ta partnership on March 31, 2021:
The amount of cash received by Na was The following condensed balance sheet was prepared for Bi, Na, and Ta partnership on March 31, 2021: Cash- P 30,000 Liabilities-- P 60,000 Other Assets ----- 190,000 Bi Capital -- 44,000 Na Capital- 66,000 Ta Capital 50,000 P 220,000 P 220,000 Question 1. The other assets were sold for 90,000. Profits are shared 4:4:2, for Bi, Na, and Ta, respectively ? 2. The amount received by Ta was? 3. The amount of loss on realization was?2. Adam and Eave sell to Abraham a 1/3 interest in AE Partnership. Abraham will pay Adam and Eave each P60,000 for admission into the organization. Before the transaction, Adam and Eave show capital balances of P45,000 each. The journal entry to record the admission of Abraham will? 3. Mark and Michelle are partners with capitals of P200,000 and P100,000 and sharing profits and losses at 3:1 respectively. They decided to admit Michael as a new partner with a 50% interest in the firm. Michael invested cash of P200,000 and Mark and Michele transferred portions of capitals as a bonus to MMM. After Michael's admission, Michelle capital would be
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