A

Cash Office Equipment Office Furniture and Fixtures Rose, Capital Guada, Capital Investment by partners Marie, Capital Marie invested her management expertise

500000 45000 100000 545000 100000

Building Office Equipment Furniture and Fixtures Mortgage Payable Romy, Capital Vic, Capital Investment by partners Cash Vic, Capital Additional investment

1500000 250000 50000 300000 1230000 270000

550000 550000

Office Equipment Accounts Receivable Furniture and Fixtures Cash Office Supplies Allowance for Doubtful Accounts Rosario, Capital Guadalupe, Capital Maria, Capital Investment by partners

320000 95000 140000 205000 12000 10000 320000 225000 217000

I - Revaluation - Francis' Books Francis, Capital Allowance for Bad Debts Revaluation Landscaping Supplies Francis, Capital Revaluation Francis, Capital Accumulated Depreciation Revaluation II - Closing entries - Francis' Books Francis, Capital Accounts Payable Accumulated Depreciation Allowance for Bad Debts Cash Accounts Receivable Landscaping Supplies Furniture and Equipment To close the books of Francis III - Opening Entries - Partnership books Cash Accounts Receivable Landscaping Supplies Furniture and Equipment Allowance for Bad Debts Accounts Payable Francis, Capital Opening entries Cash Pio, Capital Investment by individual

2800 2800

10000 10000

100000 100000

1634200 565000 200000 10800 130000 720000 560000 1000000

130000 720000 560000 800000 10800 565000 1634200

1634200 1634200

I - Revaluation - Anne's Books Anne, Capital Allowance for Doubtful Accounts Revaluation Catering Supplies Inventory Anne, Capital Revaluation Anne, Capital Accumulated Depreciation Revaluation II - Closing entries - Anne's Books Allowance for Doubtful Accounts Accumulated Depreciation Accounts Payable Anne, Capital Cash Accounts Receivable Notes Receivable Advances to Employees Catering Supplies Inventory Catering Utensils and Equipment To close the books of Anne III - Opening entries - Partnership Books Cash Accounts Receivable Notes Receivable Advances to Employees Catering Supplies Inventory Catering Utensils and Equipment Allowance for Doubtful Accounts Accounts Payable Anne, Capital Opening entries Cash Mary, Capital Investment by individual

2500 2500

5000 5000

1300 1300

7500 8000 8000 211500 25000 75000 10000 2000 15000 108000

25000 75000 10000 2000 15000 100000 7500 8000 211500

105750 105750

AM Catering Services Statement of Financial Position April 1, 2011 Nt ASSETS Current Assets Cash Trade and Other Receivables Prepaid Expenses Total Current Assets Non-Current Assets Property, Plant and Equipment TOTAL ASSETS LIABILITIES AND PARTNER'S EQUITY Current Liabilities Trade and Other Payables Partner's Equity Anne, Capital Mary, Capital 130750 79500 15000 225250

1 2

100000 325250

8000

211500 105750

317250 325250

Note 1 - Trade and Other Receivables Accounts Receivable Less: Allowane for Doubtful Accounts Notes Receivable Advances to Employees Total Note 2 - Prepaid Expenses Catering Supplies Inventory Note 3 - Property, Plant and Equipment Catering Utensils and Equipment Note 4 - Trade and Other Payables Accounts Payable

75000 7500

67500 10000 2000 79500

15000

100000

8000

I - Revaluation - Michael's Books Michael, Capital Allowance for Bad Debts Revaluation Michael, Capital Office Supplies Revaluation Michael, Capital Accumulated Depreciation - OE Revaluation Accumulated Depreciation - F&F Michael, Capital Revaluation II - Closing entries - Michael's Books Accumulated Depreciation - OE Accumulated Depreciation - F&F Accounts Payable Allowance for Bad Debts Michael, Capital Cash Accounts Receivable Office Supplies Office Equipment Furniture and Fixtures To close the books of Michael III - Opening entries - Partnership books Cash Accounts Receivable Office Supplies Office Equipment Furniture and Fixtures Allowance for Bad Debts Michael, Capital Rafael, Capital Accounts Payable Opening Entries

I - Revaluation - Rafael' 2000 2000

400 400

2000 2000

1000 1000

II - Closing Entries - Ra 9500 5000 15000 2000 162500 50000 20000 4000 80000 40000

80000 38000 9000 123000 60000 3800 162500 118700 25000

R and M Ltd. Statement of Financial Position January 1, 2011 ASSETS Nt Current Assets Cash Trade and Other Receivables Prepaid Expenses Total Current Assets Non-Current Assets Property, Plant and Equipment TOTAL ASSETS LIABILITIES AND PARTNER'S EQUITY Current Liabilities Trade and Other Payables Partner's Equity Michael, Capital Rafael, Capital TOTAL LIABILITIES AND PARTNER'S EQUITY

Note 1 - Trade and Othe Accounts Receivable Less: Allowance for Bad Total

1 2

80000 Note 2 - Prepaid Expens 34200 Office Supplies 9000 123200 Note 3 - Property, Plant Office Equipment Furniture and Fixtures 183000 Total 306200 Note 4 - Trade and Othe Accounts Payable 25000

162500 118700

281200 306200

I - Revaluation - Rafael's Books Rafael, Capital Allowance for Bad Debts Revaluation Rafael, Capital Office, Supplies Revaluation Accumulated Depreciation - OE Rafael, Capital Revaluation

1800 1800

500 500

1500 1500

II - Closing Entries - Rafael's Books Accumulated Depreciation - OE Accumulated Depreciation - F&F Accounts Payable Allowance for Bad Debts Rafael, Capital Cash Accounts Receivable Office Supplies Office Equipment Furniture and Fixtures To close the books of Rafael

7500 3000 10000 1800 118700 30000 18000 5000 60000 28000

Note 1 - Trade and Other Receivables Accounts Receivable Less: Allowance for Bad Debts

38000 3800 34200

Note 2 - Prepaid Expenses Office Supplies Note 3 - Property, Plant and Equipment Office Equipment Furniture and Fixtures

9000

123000 60000 183000

Note 4 - Trade and Other Payables Accounts Payable

25000

I - Revaluation - Romeo's Books Romeo, Capital Allowance for Bad Debts Revaluation Romeo, Capital Accumulated Depreciation - F&F Revaluation Accumulated Depreciation - OE Romeo, Capital Revaluation Romeo, Capital Office Supplies Revaluation II - Closing entries - Romeo's Books Allowance for Bad Debts Accumulated Depreciation - OE Accumulated Depreciation - F&F Accounts Payable Romeo, Capital Cash Accounts Receivable Office Supplies Office Equipment Furniture and Fixtures To close the books of Romeo

1500 1500

I - Revaluation - Jessie's Jessie, Capital Revaluation

400 400

Jessie, Capital Revaluation

3000 3000

Accumulated De Revaluation

700 700

Jessie, Capital Revaluation Jessie, Capital

6500 22000 12400 24000 224400 46000 65000 6300 110000 62000

Revaluation

II - Closing entries - Jess Allowance for Ba Accumulated De Accumulated De Notes Payable Accounts Payabl Interest Payable Jessie, Capital

III - Opening entries - Partnership Books Cash Accounts Receivable Office Supplies Office Equipment Furniture and Fixtures Investment in Trading Securities Allowance for Bad Debts Accounts Payable Notes Payable Interest Payable Romeo, Capital Jessie, Capital Opening entries Cash

63000 110000 18900 166400 75200 21000 11000 32000 10000 1000 224400 176100

To close the boo

160500

Jessie, Capital Additional investment

160500

J & R Property Consulting Statement of Financial Position January 2, 2011 ASSETS Nt Current Assets Cash Investment in Trading Securities Trade and Other Receivables Prepaid Expenses Total Current Assets Non-Current Assets Property, Plant and Equipment TOTAL ASSETS LIABILITIES AND PARTNER'S EQUITY Current Liabilities Trade and Other Payables Partner's Equity Romeo, Capital Jessie, Capital TOTAL LIABILITIES AND PARTNER'S EQUITY 223500 21000 99000 18900 362400

Note 1 - Trade and Othe Accounts Receivable Less: Allowance for Bad Total

Note 2 - Prepaid Expense Office Supplies Note 3 - Property, Plant Office Equipment Furniture and Fixtures Total

1 2

241600 604000 Note 4 - Trade and Othe Accounts Payable Notes Payable Interest Payable 43000 Total

224400 336600

561000 604000

I - Revaluation - Jessie's Books Jessie, Capital Allowance for Bad Debts Revaluation Jessie, Capital Accumulated Depreciation - F&F Revaluation Accumulated Depreciation - OE Jessie, Capital Revaluation Jessie, Capital Interest Payable Revaluation Jessie, Capital Office Supplies Revaluation

1500 1500

400 400

2400 2400

1000 1000

1400 1400

II - Closing entries - Jessie's Books Allowance for Bad Debts Accumulated Depreciation - OE Accumulated Depreciation - F&F Notes Payable Accounts Payable Interest Payable Jessie, Capital Cash Investment in Trading Securities Accounts Receivable Office Supplies Office Equipment Furniture and Fixtures To close the books of Jessie

4500 19600 6400 10000 8000 1000 176100 17000 21000 45000 12600 98000 32000

Note 1 - Trade and Other Receivables Accounts Receivable Less: Allowance for Bad Debts

110000 11000 99000

Note 2 - Prepaid Expenses Office Supplies

18900

Note 3 - Property, Plant and Equipment Office Equipment Furniture and Fixtures

166400 75200 241600

Note 4 - Trade and Other Payables Accounts Payable Notes Payable Interest Payable

32000 10000 1000 43000

Problem 1-1 Ignatius, Capital before adjustment Equivalent Ratio Total Partnership Capital Dominic's interest Dominic required capital Total assets invested by dominic Mortgage Payable Cash to be invested Problem 1-2 Therese, Capital before adjustment Adjustments Allowance for Bad Debts Merchandise Inventory Prepaid Expenses Interest Payable Therese, Capital after adjustment Equivalent Ratio Total partnership capital Catherine interest Cash to be invested by catherine Problem 1-3 Gabriel, Capital before adjustment Adjustments Merchandise Inventory Allowance for Doubtful Accounts Accumulated Depreciation Office Supplies Gabriel, Capital after adjustment Judiel interest Cash to be invested by judiel

387000 30% 1290000 70% 903000 -1695000 850000 58000

105000 -1500 6000 6500 -500 115500 30% 385000 70% 269500

237000 -3000 -2400 -3500 5200 233300 50% 116650

Purchase Discount Sales Income Summary To close revenue to income summary Income Summary Freight In Purchases Rent Expense Salaries and Wages Sales Discount Sales Returns and Allowances Supplies Expense Taxes and Licenses Expense Utilities Expense To close expense to income summary Income Summary Merchandise Inventory, Jan.1 To close merchandise inventory beginning Income Summary James, Drawing John, Drawing Jude, Drawing To close income summary to drawing

8000 800000 808000

508500 7500 300000 10000 90000 12000 4500 9500 15000 60000

50000 50000

276000 92000 92000 92000

Income Summary Maria, Drawing Martha, Drawing Distribution of net income Income Summary Maria, Drawing Martha, Drawing Distribution of net income Income Summary Maria, Drawing Martha, Drawing Distribution of net income Income Summary Maria, Drawing Martha, Drawing Distribution of net income

400000 128322.15 271677.85

400000 133333.33 266666.67

400000 170786.52 229213.48

400000 128322.15 271677.85

MARIA Date 1-Jan 1-Mar 31-Aug 1-Oct 1-Dec Capital Months Balance Unchanged 200000 2 150000 6 250000 1 230000 2 380000 1 12 Peso Month 400000 900000 250000 460000 380000 2390000 Average Capital

12

199166.67

MARTHA Date 1-Jan 1-Feb 31-May 1-Jul 1-Nov Capital Months Balance Unchanged 400000 1 390000 4 440000 1 410000 4 510000 2 12 Peso Month 400000 1560000 440000 1640000 1020000 5060000 Average Capital

12

421666.67

Partner Maria Martha

Capital Profit and Share in Balance Loss Ratio Net Income Net Income 199166.67 0.32080537 400000 128322.15 421666.67 0.67919463 400000 271677.85

Income Summary Martin, Drawing Isidore, Drawing Distribution of net income Income Summary Martin, Drawing Isidore, Drawing Distribution of net income Income Summary Martin, Drawing Isidore, Drawing Distribution of net income Income Summary Martin, Drawing Isidore, Drawing Distribution of net income Martin, Drawing Isidore, Drawing Income Summary Distribution of net loss Marin, Drawing Isidore, Drawing Income Summary Distribution of net loss Isidore, Drawing Income Summary Distribution of net loss Martin, Drawing Income Summary Isidore, Drawing Distribution of net loss

200000 133333.33 66666.67

200000 133333.33 66666.67

200000 112500 87500

200000 105333.33 94666.67

33333.33 16666.67 50000

33333.33 16666.67 50000

50000 50000

61333.33 50000 11333.33

Interest Remainder

Martin 50000 62500 112500 Martin 60000 100000 -54666.667 105333.33 Martin 100000 -100000 0 Martin 60000 100000 -221333.33 -61333.33

Isidore 25000 62500 87500 Isidore 72000 50000 -27333.333 94666.67 Isidore 50000 -100000 -50000 Isidore 72000 50000 -110666.67 11333.33

Total 75000 125000 200000 Total 132000 150000 -82000 200000 Total 150000 -200000 -50000 Total 132000 150000 -332000 -50000

Salary allowances Interest Remainder

Interest Remainder

Salary allowances Interest Remainder

Interest Salary allowance Remainder

Margaret 25000 29520 54520

Elizabeth 20000 60000 22140 102140

Cecilia 11200 60000 22140 93340

Total 56200 120000 73800 250000

Rgem Trading Income Statement For the Year Ended, December 31, 2011 Nt Net Sales 1 Cost of Sales 2 Total Income Expenses General and Administrative Expenses 112700 Distribution Expenses 103100 Net Income Schedule for Distribution of Net Income Gem Romy Share in Net Income 15600 15600 Rgem Trading Statement of Changes in Partner's Equity For the Year Ended, December 31, 2011 Gem Romy Capital, beginning 80000 70000 Net Income 15600 15600 Subtotal 95600 85600 Drawing 10000 5000 Capital, end 85600 80600

Note 1 - Net Sales Sales Less: Sales Discounts Sales Returns and A 732000 Total -485000 247000 Note 2 - Cost of Sales Merchandise Inventory, J Add: Net Cost of purchas -215800 Purchases 31200 Less: Purchase retu

Net Purchases Total Add: 31200 Total Goods Available for Less: Merchandise Inven Cost of Sales

Total 150000 31200 181200 15000 166200

Rgem Trading Statement of Financial Position December 31, 2011 ASSETS Nt Current Assets Cash Investment in Trading Securities Trade and Other Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Non-Current Assets Property, Plant, and Equipment TOTAL ASSETS LIABILITIES AND PARTNER'S EQUITY Current Liabilities Trade and Other Payables Non-Current Liabilities Notes Payable (due 2015) Partner's Equity Gem, Capital Romy, Capital

Note 3 - Trade and Other Accounts Receivable Less: Allowance for Doub Notes Receivable Total

150000 26000 Note 4 - Property, Plant 174700 145000 7633 Delivery Equipment 503333 Note 5 - Trade and Other Accounts Payable 210000 Unearned Commission In 713333 SSS & Medicare Contribu Total

134033

413100

85600 80600

166200 713333

Note 1 - Net Sales 758000 Less: Sales Discounts Sales Returns and Allowances 11000 15000 26000 732000

Note 2 - Cost of Sales Merchandise Inventory, January 1 Add: Net Cost of purchases Purchases Less: Purchase returns and allowances Purchase Discount Net Purchases Freight In Total Goods Available for Sale Less: Merchandise Inventory, December 31 Cost of Sales

100000 520000 5000 3000 8000 512000 18000

530000 630000 145000 485000

Note 3 - Trade and Other Receivables Accounts Receivable Less: Allowance for Doubtful Accounts Notes Receivable

143000 5000

138000 36700 174700

Note 4 - Property, Plant and Equipment Original Accumulated Cost Depreciation 350000 140000 Carrying Value 210000

Delivery Equipment Note 5 - Trade and Other Payables Accounts Payable Unearned Commission Income SSS & Medicare Contributions Payable

93033 39000 2000 134033

Problem 2-1 Salary allowances Bonus Remainder Joey 30000 17200 61920 109120 Jess 36000 61920 97920 Mar 42000 30960 72960 Total 108000 17200 154800 280000

Problem 2-2 Date 1-Jan 1-Feb 1-May 1-Aug 1-Oct 1-Dec Capital Months Balance Unchanged 550000 1 525000 3 575000 3 625000 2 600000 2 650000 1 12 Peso Month 550000 1575000 1725000 1250000 1200000 650000 6950000 Average Capital

12

579166.67 579166.67 20% 115833.33

Average Capital Equivalent Ratio Interest to be given to Victoria Problem 2-3 Luz, Capital beginning Share in Net Income Luz, Capital end Problem 2-4 LAWRENCE Date 1-Jan 1-May 1-Aug 1-Oct Capital Months Balance Unchanged 100000 4 80000 3 120000 2 150000 3 12 Peso Month 400000 240000 240000 450000 1330000

60000 58800 118800

Average Capital

12

110833.33

LEOPOLD Date 1-Jan 1-Mar 1-Nov 1-Dec Capital Months Balance Unchanged 160000 2 180000 8 170000 1 180000 1 12 Peso Month 320000 1440000 170000 180000 2110000 Average Capital

12

175833.33

Carl, Capital Dana, Capital Purchase of interest April, Capital Dana, Capital Purchase of interest April, Capital Bert, Capital Dana, Capital Purchase of interest April, Capital Bert, Capital Carl, Capital Dana, Capital Purchase of interest Non-Cash Assets April, Capital Bert, Capital Carl, Capital Revaluation April, Capital Bert, Capital Carl, Capital Dana, Capital Purchase of interest

95000 95000

132000 132000

176000 224000 400000

88000 112000 76000 276000

230000 69000 69000 92000

178150 220150 165200 563500

Cash Gene, Capital Admission by investment Cash Gene, Capital Evita, Capital Farida, Capital Admission by investment Cash Evita, Capital Farida, Capital Gene, Capital Admission by investment Cash Evita, Capital Farida, Capital Gene, Capital Admission by investment Assets Evita, Capital Farida, Capital Revaluation Cash Office Equipment Gene, Capital Admission by investment

100000 100000

160000 132000 11200 16800

190000 16000 24000 230000

200000 4000 6000 210000

100000 40000 60000

50000 100000 150000

Cash Kaila, Capital Hanna, Capital Isabel, Capital Jay, Capital Admission by investment Cash Hanna, Capital Isabel, Capital Jay, Capital Kaila, Capital Admission by investment Cash Kaila, Capital Hanna, Capital Isabel, Capital Jay, Capital Admission by investment Cash Hanna, Capital Isabel, Capital Jay, Capital Kaila, Capital Admission by investment Cash Lorina, Capital Margie, Capital Noreen, Capital Admission by investment Cash Noreen, Capital Lorina, Capital Margie, Capital Admission by investment Cash Lorina, Capital Margie, Capital Noreen, Capital Admission by investment

200000 135000 13000 19500 32500

150000 4000 6000 10000 170000

200000 162000 7600 11400 19000

300000 10000 15000 25000 350000

100000 70000 30000 200000

300000 160000 98000 42000

200000 7000 3000 210000

Nadia, Capital Oscar, Capital Allowance for Doubtful Accounts Revaluation Inventory Nadia, Capital Oscar, Capital Revaluation Nadia, Capital Oscar, Capital Machinery & Equipment Revaluation Cash Machinery & Equipment Land Patricia, Capital Nadia, Capital Oscar, Capital Admission by investment

12000 8000 20000

20000 12000 8000

24000 16000 40000

20000 30000 100000 138000 7200 4800

Cash Ramona, Capital Admission by investment Cash Quincy, Capital Admission by investment

260000 260000

95000 95000

Pamela, Capital Rixy, Capital Sale of interest Pamela, Capital Olga, Capital Sale of interest Pamela, Capital Remy, Capital Rosie, Capital Sale of interest Pamela, Capital Olga, Capital Quinee, Capital Sale of interest Pamela, Capital Olga, Capital Quinee, Capital Cash Notes Payable Sale of interest Pamela, Capital Land Cash Olga, Capital Quinee, Capital Sale of interest

240000 240000

240000 240000

240000 60000 180000

240000 96000 144000

240000 16000 24000 200000 80000

240000 150000 50000 16000 24000

Sandra, Capital Terry, Capital Vina, Capital Inventories Revaluation Other Non-cash Assets Sandra, Capital Terry, Capital Vina, Capital Revaluation Sandra, Capital Loan Payable to Sandra Terry, Capital Vina, Capital Cash Notes Payable Withdrawal of partner Sandra, Capital Loan Payable to Sandra Cash Inventories Terry, Capital Vina, Capital Withdrawal of partner

6000 4500 4500 15000

170500 68200 51150 51150

262200 10000 9150 9150 140500 150000

200000 10000 100000 20000 45000 45000

Problem 3-1 Bernie, Capital before admission Bernie capital remaining Bernie, Capital after admission Henry, Capital sold to Joanna Ivan, Capital sold to Joanna Total Joanna, Capital after admission Problem 3-2 Total partnership capital before admission Equivalent ratio Total partnership capital after admission Krislyn, interest Cash to be invested by Krislyn Total partnership capital before admission Equivalent Ratio Total partnership capital after admission Geline, interest Cash to be invested by Geline Problem 3-3 Sabina, Capital before withdrawal Share in bonus to Tanya Sabina, Capital after withdrawal Henry 180000 2400 182400

180000 80% 144000 55000 50000 105000

500000 80% 625000 20% 125000 700000 75% 933333.33 25% 233333.33

75000 -4000 71000 Hamilton 90000 1600 91600

Capital balance before withdrawal Bonus from Helga Capital balance after withdrawal

Cash Other Assets Amanda, Capital Ariel, Capital Arianne, Capital Realization of assets Liabilities Cash Payment of liabilities Amanda, Capital Ariel, Capital Arianne, Capital Cash Payment to partners Cash Receivables Inventories Equipment Andrea, Capital Analie, Capital Realization of assets Accounts Payable Cash Payment of liabilities Andrea, Loan Andrea, Capital Analie, Capital Cash Payment to partners

250000 180000 28000 28000 14000

52000 52000

68000 93000 62000 223000

147600 33600 59100 51600 1320 1980

48600 48600

2000 39720 70480 112200

Cash Beth, Capital Benny, Capital Bernard, Capital Other Assets Realization of assets Accounts Payable Cash Payment of liabilities Bernard, Loan Beth, Capital Benny, Capital Bernard, Capital Cash Payment to partners Cash Beth, Capital Benny, Capital Bernard, Capital Other Assets Realization of assets Accounts Payable Cash Payment of liability Bernard, Loan Beth, Capital Benny, Capital Bernard, Capital Cash Payment to partners

400000 10000 7500 7500 425000

105000 105000

20000 140000 92500 87500 340000

310000 46000 34500 34500 425000

105000 105000

20000 104000 65500 60500 250000

Cash Cora, Capital Christian, Capital Celso, Capital Other Assets Realization of assets Accounts Payable Cash Payment of liabilities Cora, Loan Cora, Capital Right of offset Cora, Loan Christian, Capital Celso, Capital Cash Payment to partners Cash Cora, Capital Christian, Capital Celso, Capital Other Assets Realization of assets Accounts Payable Cash Payment of liability Cora, Loan Cora, Capital Right of offset Christian, Capital Celso, Capital Cora, Capital Loss absorption Christian, Capital Celso, Capital Cash Payment to partners

320000 155000 62000 93000 630000

150000 150000

5000 5000

10000 138000 92000 240000

200000 215000 86000 129000 630000

150000 150000

15000 15000

20000 30000 50000

94000 26000 120000

Cash Zai, Capital Roi, Capital Nick, Capital Other Assets Realization of assets Accounts Payable Cash Payment of liability Zai, Loan Nick, Loan Zai, Capital Nick, Capital Right of offset Roi, Capital Zai, Capital Nick, Capital Loss absorption Zai, Loan Zai, Capital Right of offset Zai, Loan Roi, Capital Cash Payment to partners

345000 160000 80000 160000 745000

301000 301000

60000 30000 60000 30000

3666.67 7333.33 11000

7333.33 7333.33

12666.67 66333.33 79000

Cash Accumulated Depreciation Patti, Capital Lorna, Capital Martha, Capital Inventories Accounts Receivable Equipment Realization of assets Accounts Payable Cash Payment of liability Patti, Loan Lorna, Loan Patti, Capital Lorna, Capital Right of offset Cash Patti, Capital Additional contribution Lorna, Loan Martha, Capital Cash Payment to partners Cash Accumulated Depreciation Patti, Capital Lorna, Capital Martha, Capital Inventories Accounts Receivable Equipment Realization of assets Accounts Payable Cash Payment of liability Patti, Loan Lorna, Loan Patti, Capital Lorna, Capital Right of offset

288000 50000 189600 316000 126400 220000 200000 550000

301000 301000

9000 76000 9000 76000

42000 42000

4000 105000 109000

288000 50000 189600 316000 126400 220000 200000 550000

301000 301000

9000 76000 9000 76000

Lorna, Capital Martha, Capital Patti, Capital Loss absorption Lorna, Loan Lorna, Capital Right of offset Martha, Capital Lorna, Capital Loss absorption Martha, Capital Cash Payment to partner

30000 12000 42000

4000 4000

26000 26000

67000 67000

PALOMA Partnership Statement of Liquidation October 10, 2011 Cash 80000 288000 368000 -301000 67000 67000 42000 109000 -109000 Accounts Receivable Inventories 200000 220000 -200000 -220000 Equipment 500000 -500000

Balances before realization Realization Balances after realization Payment of liabilities Balances after payment of liabilities Right of offset Balances after right of offset Additional contribution Balances after additional contribution Payment to partners

PALOMA Partnership Statement of Liquidation October 10, 2011 Cash 80000 288000 368000 -301000 67000 67000 67000 67000 67000 -67000 Accounts Receivable Inventories 200000 220000 -200000 -220000 Equipment 500000 -500000

Balances before realization Realization Balances after realization Payment of liabilities Balances after payment of liabilities Right of offset Balances after right of offset Loss absorption Balances after loss absorption Right of offset Balances after right of offset Loss absorption Balances after loss absorption Payment to partners

MA Partnership ent of Liquidation ber 10, 2011 Accounts Payable 301000 301000 -301000

Patti Loan 9000 9000 9000 -9000

Lorna Loan 80000 80000 80000 -76000 4000 4000 -4000

Patti Capital 138600 -189600 -51000 -51000 9000 -42000 42000

Lorna Capital 240000 -316000 -76000 -76000 76000

Martha Capital 231400 -126400 105000 105000 105000 105000 -105000

MA Partnership ent of Liquidation ber 10, 2011 Accounts Payable 301000 301000 -301000

Patti Loan 9000 9000 9000 -9000

Lorna Loan 80000 80000 80000 -76000 4000 4000 -4000

Patti Capital 138600 -189600 -51000 -51000 9000 -42000 42000

Lorna Capital 240000 -316000 -76000 -76000 76000 -30000 -30000 4000 -26000 26000

Martha Capital 231400 -126400 105000 105000 105000 -12000 93000 93000 -26000 67000 -67000

Problem 4-1 Cash to be received Problem 4-2 Balances before realization Cash available Liabilities Total Cash Cash realized Share in loss on realization Balances after realization Loss absorption Cash to be received Problem 4-3 Balances before realization Share in loss on realization Cash to be received Drick 25000 -15000 10000 Donna 75000 -15000 60000 Daisy 125000 -20000 105000 Daryl 212500 10000 325000 335000 -87500 247500 -213750 -1250 1250 -128250 9250 -750 8500 -85500 2000 -500 1500 Evelyn 137500 Fredrick 87500 Alice Betina 210000 130000

Cash Cristelle, Capital Adrianne, Capital Trade and other Receivables Realization Accounts Payable Cash Payment of liabilities

41250 1500 2250 45000

38500 38500

Cristelle, Capital Cash Payment to partners Cash Cristelle, Capital Adrianne, Capital Inventories Equipment Realization of assets Cristelle, Capital Adrianne, Capital Cash Payment to partners

20250 20250

65500 4880 7320 22500 55200

33370 32130 65500

Restricted interest - po Balance after possible Restricted interest - po Cash payment

Balances before realization Realization Balances after realization Payment of liabilities Balances after payment of liabilities Payment to partners (sch. 1) Balances after payment to partners Realization Balances after realization Payment to partners

Cash 17500 41250 58750 -38500 20250 -20250 65500 65500 -65500

C & A Partnership Statement of Liquidation January - February 2011 Trade and Other Rec. Inventories 45000 22500 -45000 22500 22500 22500 -22500

Equipment 55200 55200 55200 55200 -55200

C & A Partnership Schedule of Safe Payment Jan-11 Balances after payment of liabilities Restricted interest - possible loss of 77700 Balance after possible loss Restricted interest - possible loss of Cristelle Cash payment Cristelle 58500 -31080 27420 -7170 20250 Adrianne 39450 -46620 -7170 7170

Accounts Payable 38500 38500 -38500

Cristelle Capital 60000 -1500 58500 58500 -20250 38250 -4880 33370 -33370

Adrianne Capital 41700 -2250 39450 39450 39450 -7320 32130 -32130

Cash Sofia, Capital Richard, Capital Luisa, Capital Other Assets Realization Accounts Payable Cash Payment of liabilities Sofia, Loan Richard, Capital Luisa, Capital Cash Payment to partners Cash Other Assets Sofia, Capital Richard, Capital Luisa, Capital Realization Sofia, Loan Sofia, Capital Richard, Capital Luisa, Capital Cash Payment to partners Cash Sofia, Capital Richard, Capital Luisa, Capital Other Assets Sofia, Capital Richard, Capital Luisa, Capital Cash Payment to partners

35800 1880 940 1880 40500

58100 58100

5170 6910 820 12900

30050 26750 1320 660 1320

2330 9690 6010 12020 30050

23456 4217.6 2108.8 4217.6 34000 9382.4 4691.2 9382.4 -23456

Balances before liquidation Realization Balances after realization Payment of liabilities Balances after payment of liabilities Payment to partners (sch. 1) Balances after payment to partners Realization Balances after realization Payment to partners (sch. 2) Balances after payment to partners Realization Balances after realization Payment to partners

SRL Merchandising Statement of Liquidation September - November 2011 Other Accounts Loan Cash Assets Payable Payable, Sofia 35200 101250 58100 7500 35800 -40500 71000 60750 58100 7500 -58100 -58100 12900 60750 7500 -12900 -5170 60750 2330 30050 -26750 30050 34000 2330 -30050 -2330 34000 23456 -34000 23456 -23456

SRL Merchandising Schedule of Safe Payments Sep-11 Sofia Balances after payment of liabilities 21970 Add: Loan Payable 7500 Balances before possible loss 29470 Restricted interest - possible loss of 60750 -24300 Payment to partners 5170

Richard 19060 19060 -12150 6910

Luisa 25120 25120 -24300 820

SRL Merchandising Schedule of Safe Payments Oct-11 Sofia Balances 23290 Add: Loan Payable 2330 Balances before possible loss 25620 Restricted interest - possible loss of 34000 -13600 Payment to partners 12020

Richard 12810 12810 -6800 6010

Luisa 25620 25620 -13600 12020

Sofia Capital 23850 -1880 21970 21970 21970 1320 23290 -9690 13600 -4217.6 9382.4 -9382.4

Richard Capital 20000 -940 19060 19060 -6910 12150 660 12810 -6010 6800 -2108.8 4691.2 -4691.2

Luisa Capital 27000 -1880 25120 25120 -820 24300 1320 25620 -12020 13600 -4217.6 9382.4 -9382.4

Problem 5-1 Balances before realization Restricted interest - PL of 180000 Balances after possible loss Possible loss of Nelson Balances after possible loss of Nelson Problem 5-2 Balance before realization Josie, Loan Josie, Capital after realzation Equivalent Ratio Share in loss Other Assets Realization Sonia 90000 -72000 18000 -3000 15000 Nelson 30000 -36000 -6000 6000 Kenneth 75000 -72000 3000 -3000

82500 -37500 45000 50% 90000 -322125 232125

Problem 6-1 Mary's Capital Problem 6-2 Timothy, Capital Equivalent Ratio Total partnership capital Paul, interest Paul, required capital Cash Inventory Accounts Payable Cash to be invested by Paul Problem 6-3 Salary allowance Remainder Profit share Problem 6-4 Interest purchased from Daniel Edwin Farida Girlie, Capital Problem 6-5 Hilda, Capital before admission Bonus to new partner Hilda, Capital after admission Problem 6-6 Jill, Capital Share in net income Withdrawal Collections Subtotal Payment to Jill Bonus Equivalent Ratio Share in bonus to Jill Share in Net income Capital balance of Joel Capital balance of Joel after retirement Cely 50000 Lily Ian 40000 Total 30000 12000 42000

350000

270000 40% 675000 60% 405000 -90000 -120000 30000 225000

Problem 6-7 Noel, Capital before reali Noel, Receivable Balance Share in gain Cash to be received by N Problem 6-8

Balances before realizatio Loan Payable Balances Share on loss on realizat Balances after realization Loss absorption Cash to be received

120000 40000 160000

110000 125000 45000 280000

Balances before realizatio Loan Payable Balances Share in gain on realizati Balances after realization Restricted interest - PL o Balances after possible lo Loss absorption Cash to be received

122500 5250 127750

260000 46400 -20250 80500 366650 -450000 -83350 62.50% -52093.75 116000 340000 403906.25

oel, Capital before realization oel, Receivable

sh to be received by Noel

150000 -15000 135000 10000 145000

lances before realization

are on loss on realization lances after realization ss absorption sh to be received

Eric 100000 32000 132000 -45200 86800 -9200 77600 Eric 100000 32000 132000 3240 135240 -48440 86800 -9200 77600

Emily 86000 86000 -67800 18200 -13800 4400 Emily 86000 86000 4860 90860 -72660 18200 -13800 4400

Zachy 90000 90000 -113000 -23000 23000

lances before realization

Zachy 90000 90000 8100 98100 -121100 -23000 23000

are in gain on realization lances after realization stricted interest - PL of 242200 lances after possible loss ss absorption sh to be received

Share Capital Authorized to issue 50000 shares at P100 par value July # Cash Subscriptions Receivable Subscribed Share Capital Subscription Aug 1 Subscriptions Receivable Subscribed Share Capital Subscription 2 Cash Share Capital Issuance # Cash Subscribed Share Capital Subscriptions Receivable Share Capital Collection and issuance # Land Share Capital Issuance # Pre Operating Expenses Share Capital Issuance Sept # Cash Subscriptions Receivable Subscribed Share Capital Subscription Oct # Cash Subscriptions Receivable Collection 1 Cash Subscriptions Receivable Collection # Cash Subscribed Share Capital Subscriptions Receivable Share Capital Collection and issuance 312500 937500 1250000 July 15

1000000 1000000

Aug

20000 20000

937500 1250000 937500 1250000

14

500000 500000

22

5000 5000

31

20000 80000 100000

Sept 15

468750 468750

Oct

31

Nov

20000 20000

Nov

468750 1250000 468750 1250000

30

Dec

1 Cash Subscriptions Receivable Collection

20000 20000

Dec

Unissued Share Capital Authorized Share Capital Authorization Cash Subscriptions Receivable Subscribed Share Capital Subscription Subscriptions Receivable Subscribed Share Capital Subscription Cash Unissued Share Capital Issuance Cash Subscribed Share Capital Subscriptions Receivable Unissued Share Capital Collection and issuance Land Share Capital Issuance Pre Operating Expenses Share Capital Issuance Cash Subscriptions Receivable Subscribed Share Capital Subscription Cash Subscriptions Receivable Collection Cash Subscriptions Receivable Collection Cash Subscribed Share Capital Subscriptions Receivable Unissued Share Capital Collection and issuance

5000000 5000000

312500 937500 1250000

1000000 1000000

20000 20000

937500 1250000 937500 1250000

500000 500000

5000 5000

20000 80000 100000

468750 468750

20000 20000

468750 1250000 468750 1250000

Cash Subscriptions Receivable Collection

20000 20000

July

Share Capital Authorized to issue 50000 shares at P100 par value Cash Subscriptions Receivable Subscribed Share Capital Subscriptions 312500 937500 1250000

2 Pre Operating Expense Cash Incorporation fees 3 Cash Share Capital Share Premium Issuance 5 Store Equipment Share Capital Issuance 6 Cash Subscribed Share Capital Subscriptions Receivable Share Capital Collection and issuance 8 Transportation Equipment Subscribed Share Capital Subscriptions Receivable Share Capital Share Premium Collection and Issuance 11 Pre Operating Expenses Share Capital Issuance 12 Subscriptions Receivable Subscribed Share Capital Share Premium Subscriptions 15 Merchandise Inventory Subscribed Share Capital Subscriptions Receivable Share Capital Collection and Issuance

4000 4000

240000 200000 40000

80000 80000

187500 250000 187500 250000

480000 250000 187500 450000 92500

10000 10000

180000 150000 30000

187500 250000 187500 250000

18 Cash Subscriptions Receivable Collection July 21 Cash Share Capital Share Premium Issuance 24 Cash Subscribed Share Capital Subscriptions Receivable Share Capital Collection and issuance 27 Land Share Capital Share Premium Issuance 31 Cash Subscribed Share Capital Subscriptions Receivable Share Capital Collection and Issuance

90000 90000 220000 200000 20000

90000 150000 90000 150000

350000 300000 50000

375000 500000 375000 500000

Share Capital Share Premium Total Contributed Capital

2390000 232500 2622500

9% Preference Share Capital Authorized to issue 400000 shares at P40 par value Ordinary Share Capital Authorized to issue 500000 shares at P30 par value Aug 5 Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscription 7 Land Buildings Equipment Merchandise Inventory Mortgage Payable Accounts Payable Interest Payable Ordinary Share Capital Ordinary Share Premium Issuance 9 Cash Subscriptions Receivable - Preference Subscribed Preference Share Capital Preference Share Premium Subscription Sept 1 Cash Subscriptions Receivable - Ordinary Collection 2520000 10080000 9000000 3600000

210000 250000 50000 110000 41000 11000 550 495000 72450

810000 4590000 4800000 600000

5040000 5040000

Oct

1 Cash Subscriptions Receivable - Preference Collection 6 Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions

2295000 2295000

489600 1142400 1440000 192000

Nov

Dec

1 Cash Preference Share Capital Preference Share Premium Issuance 1 Cash Subscribed Share Capital - Preference Subscribed Share Capital - Ordinary Subscriptions Receivable - Preference Subscriptions Receivable - Ordinary Preference Share Capital Ordinary Share Capital Collection and Issuance 30 Cash Subscriptions Receivable - Preference Subscribed Preference Share Capital Subscriptions

26400 24000 2400 7335000 4800000 9000000 2295000 5040000 4800000 9000000

350000 1050000 1400000

Share Capital Subscribed Share Capital Subscriptions Receivable Share Premium Total Contributed Capital

Preference Ordinary Share Capital Share Capital 4824000 9495000 1400000 1440000 -1050000 -1142400 602400 3864450 5776400 13657050

7% Preference Share Capital Authorized to issue 20000 shares at P50 par value Ordinary Share Capital Authorized to issue 30000 shares at P30 par value Mar 1 Cash Subscriptions Receivable - Preference Subscriptions Receivable - Ordinary Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscriptions 15 Cash Subscriptions Receivable - Preference Subscriptions Receivable - Ordinary Collection 31 Cash Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscriptions Receivable - Preference Subscriptions Receivable - Ordinary Preference Share Capital Ordinary Share Capital Collection and issuance Apr 1 Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions 2 Buildings Equipment Merchandise Ordinary Share Capital Ordinary Share Premium Issuance 29 Cash Subscriptions Receivable - Preference Subscribed Preference Share Capital Preference Share Premium Subscription May 1 Cash 118750 187500 168750 250000 225000

178125 93750 84375

178125 250000 225000 93750 84375 250000 225000

66000 60000 90000 36000

350000 55000 140000 495000 50000

180000 480000 600000 60000

270000

Subscriptions Receivable - Preference Subscriptions Receivable - Ordinary Collection May 5 Pre Operating Expenses Preference Share Capital Preference Share Premium Issuance 12 Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions 26 Cash Preference Share Capital Preference Share Premium Issuance June 1 Cash Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscriptions Receivable - Preference Subscriptions Receivable - Ordinary Preference Share Capital Ordinary Share Capital Collection and issuance 3200

240000 30000

2500 700

26250 78750 90000 15000

27500 25000 2500

270000 600000 90000 240000 30000 600000 90000

Share Capital Subscribed Share Capital Subscriptions Receivable Share Premium Total Contributed Capital

Preference Ordinary Share Capital Share Capital 877500 810000 90000 -78750 63200 101000 940700 922250

8% Preference Share Capital Authorized to issue 10000 shares at P100 par value Ordinary Share Capital Authorized to issue 30000 shares at P50 par value Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Subscriptions Jan 2 Equipment Pre Operating Expenses Ordinary Share Capital Ordinary Share Premium Issuance 2 Cash Preference Share Capital Preference Share Premium Issuance 10 Cash Ordinary Share Capital Ordinary Share Premium Issuance 10 Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions 1 Cash Subscriptions Receivable - Preference Subscribed Preference Share Capital Preference Share Premium Subscriptions 14 Building Preference Share Capital Ordinary Share Capital Issuance 27 Cash Subscriptions Receivable - Preference Collection 156250 468750 625000

34000 18000 50000 2000

Feb

150000 100000 50000

Mar

177000 150000 27000

Apr

220000 200000 20000

May

40800 163200 200000 4000

June

500000 150000 350000

July

54400 54400

Aug

31 Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Ordinary Share Capital Collection and issuance 28 Land Preference Share Capital Preference Share Premium Issuance 29 Cash Subscriptions Receivable - Preference Subscribed Preference Share Capital Subscriptions 26 Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions 30 Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Ordinary Share Capital Collection and Issuance 31 Income Summary Retained Earnings Net Income

110000 100000 110000 100000

Sept

85000 80000 5000

Oct

75000 175000 250000

Nov

57500 86250 125000 18750

Dec

636250 725000 636250 725000

82000 82000

Cash Share Capital Issuance Cash Share Capital Share Premium Issuance Cash Share Capital Share Premium Issuance

5500000 5500000

5500000 5000000 500000

5500000 2500000 3000000

Share Capital Authorized to issue 200000 no par value shares Cash Share Capital - no par Issuance 750000 750000

Share Capital Authorized to issue 200000 no par value shares at P10 Land Share Capital - no par Issuance 500000 500000

Share Capital Authorized to issue 200000 no par value shares at P10 Cash Share Capital - no par Share Premium - stated value Issuance 600000 500000 100000

Share Capital Authorized to issue 200000 no par value shares Cash Subscriptions Receivable Subscribed Share Capital Subscription Cash Subscribed Share Capital Subscriptions Receivable Share Capital - no par Collection and Issuance 37500 112500 150000

112500 150000 112500 150000

Share Capital Authorized to issue 200000 no par value shares at P10 Cash Subscriptions Receivable Subscribed Share Capital Share Premium - stated value Subscriptions 37500 112500 100000 50000

Cash Subscribed Share Capital Subscriptions Receivable Share Capital - no par Collection and issuance

112500 100000 112500 100000

Jan

Ordinary Share Capital Authorized to issue 100000 no par value shares at P10 Cash Ordinary Share Capital Issuance 250000 250000

10 Cash Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium - stated value Subscriptions 22 Land Equipment Merchandise Inventory Ordinary Share Capital Ordinary Share Premium - stated value Issuance 25 Cash Subscribed Ordinary Share Capital Ordinary Share Capital - no par Subscriptions Receivable - Ordinary Collection and issuance 30 Cash Ordinary Share Capital - no par Ordinary Share Premium - stated value Issuance

37500 87500 100000 25000

350000 100000 95000 500000 45000

87500 100000 100000 87500

210000 150000 60000

Problem 7-1 Ordinary Share Capital Ordinary Share Premium Total Contributed Capital

609000 409600 1018600

Authorized Shares Issued Shares Unissued Shares Problem 7-2 Share Capital Paid in Capital Share Premium Total Cash Collected Problem 7-3 Share Capital Subscribed Share Capital Subscriptions Receivable Share Premium Total Contributed Capital

120000 -40600 79400

180000 28000 8000 216000

1020000 20000 -34000 290000 1296000

Share Capital Authorized to issue 1000000 shares at P2 par value 1 Subscriptions Receivable Subscribed Share Capital Subscription 2 Cash Subscriptions Receivable Collection 4 Receivable from Highest Bidder Cash Advertising 6 Cash Subscriptions Receivable Receivable from Highest Bidder Collection from highest bidder 7 Subscribed Share Capital Share Capital Issuance 20000 20000

5000 5000

2500 2500

17500 15000 2500

20000 20000

Ordinary Share Capital Authorized to issue 500000 shares at P10 par value Aug 1 Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions 2 Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Ordinary Share Capital Collection and Issuance 5 Cash Subscriptions Receivable Collection Oct 1 Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Ordinary Share Capital Collection and issuance 12 Receivable from Highest Bidder Cash Advertising 20 Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Receivable from Highest Bidder Ordinary Share Capital Collection from highest bidder and issuance 60250 55000 5250 Aug

1 Subscriptions

Subscriptions 25250 25000 25250 25000

2 Cash Subscribed Or

Collection and 17500 17500 Collection 5500 10000 5500 10000 Oct 5 Cash

1 Cash Subscribed Or

Collection and 1000 1000 Advertising 13000 20000 12000 1000 20000

12 Receivable fro

20 Treasury Shar Subscribed Or

Collection from

Ordinary Share Capital Authorized to issue 500000 shares at P10 par value Subscriptions Receivable - Ordinary Subscribed Ordinary Share Capital Ordinary Share Premium Subscriptions Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Ordinary Share Capital Collection and Issuance Cash Subscriptions Receivable Collection Cash Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Ordinary Share Capital Collection and issuance Receivable from Highest Bidder Cash Advertising Treasury Shares Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Receivable from Highest Bidder Ordinary Share Capital Collection from highest bidder and issuance 60250 55000 5250

25250 25000 25250 25000

17500 17500

5500 10000 5500 10000

1000 1000

13000 20000 12000 1000 20000

Problem 8-1 Carlo is the highest bidder Balance of Subscriptions Receivable Receivable from highest bidder Amount paid by highest bidder Total Shares Bid of Carlo Shares of Eduardo 75 shares were issued to the highest bidder Problem 8-2 No shares were issued to Regine 200 shares were issued to the corporation Subscriptions Receivable Cash paid by Regine Receivable from highest bidder Treasury Shares 10400 -5200 1000 6200 8000 1500 9500 100 -75 25

Cash Ordinary Share Capital Ordinary Share Premium Issuance Ordinary Treasury Shares Cash Reacquisition Cash Ordinary Treasury Shares Ordinary Share Premium - Treasury Reissuance Cash Ordinary Share Premium - Treasury Retained Earnings Ordinary Treausry Shares Reissuance Cash Retained Earnings Ordinary Treasury Shares Reissuance Retained Earnings Appropriation for Ordinary Treasury Shares Appropriation

96000 80000 16000

21000 21000

9600 8400 1200

2400 1200 600 4200

2000 800 2800

5600 5600

Preference Treasury Shares Cash Reacquisition Ordinary Treasury Shares Cash Reacquisition Cash Ordinary Treasury Shares Ordinary Share Premium - Treasury Reissuance Cash Preference Treasury Shares Preference Share Premium - Treasury Reissuance Cash Ordinary Share Premium - Treasury Ordinary Treasury Shares Retained Earnings Appropriation for Preference Treasury Shares Appropriation for Ordinary Treasury Shares Appropriation

26500 26500

14000 14000

5400 4000 1400

8850 7950 900

1800 200 2000 26550 18550 8000

Cash Ordinary Share Capital - no par Issuance Cash Ordinary Share Capital - no par Issuance Ordinary Treasury Shares - no par Cash Reacquisition

45000 45000

34000 34000

6250 6250

Treasury Shares Received 20 donated shares Cash Retained Earnings Ordinary Treasury Shares - no par Reissuance Cash Ordinary Share Premium - Donated Reissuance Cash Ordinary Treasury Shares - no par Ordinary Share Premium - Treasury Reissuance 2200 300 2500

260 260

4200 3750 450

ated shares

Cash Ordinary Share Capital Share Premium Issuance Cash Treasury Shares Share Premium - Treasury Reissuance Treasury Shares Cash Reacquisition Income Summary Retained Earnings Net income Appropriation for Treasury Shares Retained Earnings Reverse appropriation Retained Earnings Appropriation for Treasury Shares Appropriation

150000 100000 50000

37000 36000 1000

2800 2800

26000 26000

36000 36000

2800 2800