Name:
Section:
Date:
GUEE
NLE
ROSEMARLARLO
DS
ACkO0uNTAncy-1
CHApTER
I:
PakinE
RsHiP
EORm
ATLON_
1)
A
and
D
PARINERSHIPP
Cash
120100D
Land
LYD;DDD
REGULREME
NI
1 Building480.009
Moriqaor pauchlt240,000
D,
Capitoal
OTo
RE
LORD_
1NVESTIME
NTS-
eaD00DD
CAsh
1204000o-
InitialInyestme.nt
Inventorys 1200Db
iquipment
24QL00D
,
Capital
o00D
A Capital
Initiai
Inytst.meni
A;
_Capital
la.DADHD
Bonus
to_A_
g000D
qsh
12040D0
DonusJ0
A
COMPUIED_AS
FOLLOWS:
Land
240,000
He0on.o0
Iota
Aqretd capikal
1,DBO00D
ildinq
Mortqaqe
Pauablt
240,000
DCapital
Multiply
by:
Capital
Iniernst
2
PCari
ner’
Indiy.
CCIpita
Inl
?54o,00D
a0DLOODd
IniialInveskments less:A LapitalInierest 4Bn,00D
DnusTO
A
REQULRE
MENIS
H2
REVALUAT;ON
QR
40on
wlLL-
ODONUS
APpROACH.
APPROACH
Cash
20,0DD-
C.ash
120.00D
lnvent.aru
120;0D0
Inyentors
12010D
Equipment
2401O00
A Capita
Iniial
Investment
tquipment
240000
4g000D
A
Capital
4804000
Initi Investment
Name:
Date:
Section:
DONUS
METHON
1200D
2
40,0O0
Cash
Land
Csh
IO0,00.D
uildinga
Mariqaqe
Rayablt
2y0,0DD
D
Capitoal
Iniial
Inyestmeni_
90,00D
Equipmeni
0,DDD_
00LDODd
Notes
Payablt
D00D
John,
Capifal
ItfFCapilal
ianttapital
la0;D00
la0LOpD
Asstis
Laoodmill)
20coD
A
Capital
120ODD
Initial
nNestmeni
G00IMLLJO A
REGIREMENT
H2
P,200,0DD
REVALUAION
La002u1LL)_APpROACH
Tcial
Aqretd
lapital
ltS:
Ioial
c.anhribution
lapital
L,090,ODO
ASES
LG0oD
WILL)
P 120,00D
ash_
Equipmeni
iQLDOD
G00.dllL
0000
20,0D
D
Noitc
Payablt_
John Capital
HAPLIUK
AuD
la00)yiILL
MEIHDns
0000
tFLapital
Jane
Lapifal
REGLUIREMENTS
H4
0
00D
000
ACcOUANTS
AGREE0
YALUETS
nihalnyesiment
TOHN
IEFF
UANE
Cash
loDoD
Dppice
Equipment
Iolal
As
ses
004000
fI10000
Noles
Payablt
LOATOO
30,000
Nei
asscklnvesied
P
lo0O0O_f
00,000
00
Name:
Section:
Date:
REGIRE
MENI
H2
PARINE
LStHP
LKANSALIIDN
AND_
CAPITALSJAIE
MENIS
Undtr
tht
DONUS
MEHOD
;A2PpDACH)LInert
apital
inie.rest transeer
of
H0100D
REQUIREMENI
HL
Lom
ohn
‘capilal
Accouncd
and
20LO0.D
Erom
Jej}
Capiial
dtiouni
The
Entry_ik
A
Lash
12,D0D
maclt_be.cause
John
qnd
tf
re.cognize
Accounis
Rrceivablt
80D0
2000
hat
jant
iprinqinq
s0.meihi
nq
to
int
icm
Othx
than
thr
intanqiblt
Assris_
DEFLCC
Equipmtn20,D0
Atcounis
Pasablt
bui
fhe
parinersort
reluciant
to
2000
rEcoqnikt
Qn_intanqibltasti
or yalur lom, Capital
5O0D
Inihial
1ny
estme.nt
Lunger
Hhe
REVALUATLON
LG0ODLLLL)
ApPROAACHthiS_meihoC
ÍL
based
On
tif
Cash
12
00D
Account
ReCeivablt
DoD
OEFICL
Supplie.s-
asSumpthion
thai
an
fmpliccd
yalut
Can
h
eshmattdmoihe
madcaly_Cinc
LecOr
ctd
FOr
any
fntanqiblt
ContcibuionL
Land
madihy
th
pariners:
Tht.
CapitaL Accuni
Pauable
5,0p0
Morigaqs
Payablt
ulitCapital
OCCOuntL
ar
equalitd
bY
re
coqhiLiq
18,
R00
an
intanqible
asti
and
a
oreipon
5oDO
cling
inçrecitto-pcirtneri_capital
OLLOunts
BTomdrawinq DOD
Cash
1h000
Wthdrawal
oE
Cash-
Julit,drguing
12,000
Cash
124000_
Witndrawalof
Cash
Name:
Section:
Date:
C
Income
Summau
Jom
tepiial(50,000_X
D1,000_o,000)
5D,000
22,552
Julit
CapiialLh000D
X
25,000|1lo00o)
Lo
closr,
incomt
Summa
to
Lapitall
lom,tapital
15,000
Iulir
Lapitall
12,00.D
Tom,
praminq
15,000
Iulie,
Drawing
12,00D
lo_
Clost
drawinqk
acOunt
REGULRE
MENT
H2-
TOM
AND_