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ABC PARTNERSHIP
STATEMENT OF FINANCIAL POSITION

APRIL 30, 2014
ASSETS
LIABILITIES & CAPITAL
CASH
NON CASH ASSETS
10,000.00
100,000.00
TOTAL ASSETS
110,000.00
LIABILITIES
A, CAPITAL
B, CAPITAL
C, CAPITAL
TOTAL LIABILITIES & CAPITAL
ASSETS WERE REALIZED AT 40,000

P & L RATIO- EQUAL SHARING
A
B
C
PERSONAL ASSETS
100,000.00
50,000.00
5,000.00
PERSONAL LIABILITIES
25,000.00
###
60,000.00
PREPARE A STATEMENT OF LIQUIDATION FOR THE PERIOD MAY 1-31, 2014

PREPARE THE ENTRIES TO RECORD THE LIQUIDATION TRANSACTIONS
60,000.00
5,000.00
15,000.00
30,000.00
110,000.00
ABC PARTNERSHIP
STATEMENT OF LIQUIDATION
MAY 1-31, 2014
CASH
NON CASH
ASSETS
BALANCES BEFORE
LIQUIDATION
10,000.00
100,000.00
REALIZATION AND
DISTRIBUTION OF LOSS
BALANCES
40,000.00
50,000.00
(100,000.00)
-
PAYMENT OF LIABILITIES
BALANCES
(50,000.00)
-
ADDITIONAL INVESTMENT
OF A
BALANCES
15,000.00
15,000.00
BALANCES
(10,000.00)
5,000.00
ADDITIONAL LOSS TO A & C

BALANCES
OF A
BALANCES
CASH
A, CAPITAL
B, CAPITAL
C, CAPITAL
OTHER ASSETS
LIABILITIES
CASH
CASH
5,000.00
2,500.00
7,500.00
(7,500.00)
A, CAPITAL
C, CAPITAL
B, CAPITAL
5,000.00
60,000.00
(50,000.00)
10,000.00
(15,000.00)
10,000.00
15,000.00
-
(10,000.00)
-
100,000.00
50,000.00
50,000.00
15,000.00
LIABILITIES
CASH
60,000.00
A, CAPITAL
(20,000.00)
(15,000.00)
40,000.00
20,000.00
20,000.00
20,000.00
A, CAPITAL
LIABILITIES
15,000.00
10,000.00
10,000.00
2,500.00
2,500.00
5,000.00
(2,500.00)
(2,500.00)
2,500.00
-
CASH
2,500.00
A CAPITAL
C, CAPITAL
CASH
2,500.00
7,500.00
7,500.00
B, CAPITAL
C, CAPITAL
15,000.00
30,000.00
(20,000.00)
(5,000.00)
(20,000.00)
10,000.00
5.00
5.00
2.00
(5,000.00)
10,000.00
2.00
(5,000.00)
10,000.00
2.00
(5,000.00)
10,000.00
5,000.00
-
(2,500.00)
7,500.00
7,500.00
(7,500.00)
3.00
2.00
2.00
EVASCO & ELLOR

JANUARY 1-31, 2015
CASH
BALANCES BEFORE
LIQUIDATION
UNRECORDED LIABILITIES
BALANCES
REALIZATION AND DIST OF
LOSS
BALANCES
BALANCES
ADDITIONAL investment
balances
ADDITIONAL LOSS TO
EVASCO
BALANCES
PAYMENT TO PARTNER
EVASCO CAPITAL
ELLOR CAPITAL
ACCOUNTS PAYABLE
NOTES PAYABLE
ACCOUNTS
PAYABLE
NOTES
PAYABLE
1,000.00
152,000.00
20,000.00
86,000.00
1,000.00
152,000.00
2,000.00
22,000.00
1,000.00
87,000.00
(152,000.00)
-
22,000.00
87,000.00
(22,000.00)
-
(87,000.00)
-
113,800.00
114,800.00
(109,000.00)
5,800.00
4,000.00
9,800.00
9,800.00
(9,800.00)
1,200.00
1,800.00
CASH
ALLOW. FOR DOUBTFUL ACCOUNTS
ACC. DEPRECIATION
EVASCO CAPITAL
ELLOR CAPITAL
ACCOUNTS RECEIVABLE
MERCHANDISE INVENTORY
PREPAID ADVERTISING
MACHINERY & EQUIPMENT
ACCOUNTS PAYABLE
OTHER
ASSETS
2,000.00
1,000.00
4.00
113,800.00
20,000.00
60,000.00
15,280.00
22,920.00
9.00
80,000.00
50,000.00
2,000.00
100,000.00
22,000.00
NOTES PAYABLE
CASH
CASH
87,000.00
3.00
109,000.00
4,000.00
ELLOR, CAPITAL
EVASCO CAPITAL
ELLOR, CAPITAL
3,720.00
EVASCO CAPITAL
CASH
9,800.00
4,000.00
2.00
3,720.00
2.00
9,800.00
2.00
40%
EVASCO
CAPITAL
60%
ELLOR
CAPITAL
30,000.00
17,000.00
(1,200.00)
28,800.00
(1,800.00)
15,200.00
4
4
(15,280.00)
13,520.00
(22,920.00)
(7,720.00)
4
5
3
13,520.00
(7,720.00)
13,520.00
###
(3,720.00)
2
3
3,720.00
-
(3,720.00)
9,800.00
(9,800.00)
2
29
ABC PARTNERSHIP
MAY 1-31, 2014
NON CASH
ASSETS
CASH
BALANCES BEFORE
LIQUIDATION
10,000.00
100,000.00
REALIZATION AND
DISTRIBUTION OF LOSS
BALANCES
40,000.00
50,000.00
(100,000.00)
-
BALANCES
(50,000.00)
-
LIABILITIES
60,000.00
OF A
BALANCES
BALANCES
CASH
A, CAPITAL
B, CAPITAL
C, CAPITAL
OTHER ASSETS
LIABILITIES
CASH
CASH
17,500.00
17,500.00
(10,000.00)
7,500.00
(7,500.00)
60,000.00
(50,000.00)
10,000.00
(15,000.00)
10,000.00
(2,500.00)
(17,500.00)
10,000.00
17,500.00
-
(10,000.00)
-
40,000.00
20,000.00
20,000.00
20,000.00
100,000.00
50,000.00
50,000.00
15,000.00
A, CAPITAL
15,000.00
A, CAPITAL
C, CAPITAL
B, CAPITAL
2,500.00
2,500.00
CASH
2,500.00
5,000.00
A CAPITAL
C, CAPITAL
2,500.00
7,500.00
5,000.00
(20,000.00)
(15,000.00)
ADDITIONAL LOSS TO A & C

-
A, CAPITAL
CASH
7,500.00
B, CAPITAL
C, CAPITAL
15,000.00
30,000.00
(20,000.00)
(5,000.00)
(20,000.00)
10,000.00
5.00
5.00
2.00
(5,000.00)
10,000.00
5,000.00
-
(2,500.00)
7,500.00
3.00
2.00
-
7,500.00
2.00
7,500.00
(7,500.00)
2.00

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ABC PARTNERSHIP

STATEMENT OF FINANCIAL POSITION

LIABILITIES & CAPITAL

ASSETS WERE REALIZED AT 40,000

PREPARE A STATEMENT OF LIQUIDATION FOR THE PERIOD MAY 1-31, 2014

ADDITIONAL LOSS TO A & C

EVASCO & ELLOR

ADDITIONAL LOSS TO A & C

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