Dinah Diyanah Burhan

A31115506

Tugas Akuntansi Keuangan Lanjutan I

E17-7
Statement of partnership liquidation
The partnership of Alice, Betty, and Carle became insolvent during 2011, and the partnership
ledger shows the following balances after all partnership assets have been converted into cash
and all available cash distributed:

Debit Credit
Accounts payable $ 30,000
Alice capital $20,000
Betty capital 120,000
Carle capital $70,000
$120,000 $120,000

Profit and loss sharing percentages for the three partners are Alice, 30 percent; Betty, 40
percent; and Carle, 30 percent. The personal assets and liabilities of the partners are as
follows:

Alice Betty Carle

Personal assets $60,000 $110,000 $60,000
Personal liabilities $50.000 $60,000 $40.000

REQUIRED: Prepare a schedule to show the phase-out of the partnership and final closing
of the books if the partnership creditors recover $30,000 from Betty.

Skedul Pembubaran Persekutuan

Alice Betty Charle

Total
30 % 40% 30%
Saldo Modal (30.000) 20.000 (120.000) 70.000
Penerimaan Kreditor
30.000 30.000
persekutuan Betty
- 20.000 (90.000) 70.000
Penyelesaian Kewajiban
20.000 20.000
Persekutuan Betty
20.000 20.000 (70.000) 70.000
Menutup defisit modal Betty 35.000 70.000 35.000
20.000 (15.000) - 35.000
Penyelesaian Kewajiban
10.000 10.000
Persekutuan Alice
30.000 (5.000) 35.000
Menutup defisit modal Alice 5.000 - (5.000)
30.000 - - 30.000
Distribusi Akhir Charle (30.000) (30.000)
- - - -