2. The trial balance of Adira Partnership as of July 31, 2020 are follows: Debit Credit Cash Rp 15.000.000 A/R 55.000.000 Inventory Land/building/equipment (net) 35.000.000 247.500.000 A/P Akbar capital Diva capital Raifan capital Rp 42.500.000 137.500.000 112.500.000 60.000.000 Total Rp352.500.000 Rp352.500.000 Akbar, Diva, and Raifan share profits and losses 40%, 35%, 25%. Since the Partners decide not to run the business anymore, they considering an offer Rp250.000.000 for A/R. inventory, Land/building/equipment as of July 31. The proceed will be used to pay creditor and Partners in installments Required Prepare a cash distribution plan and shows how much cash each partner will receive if the offer is accepted and prepare the entries
2. The trial balance of Adira Partnership as of July 31, 2020 are follows: Debit Credit Cash Rp 15.000.000 A/R 55.000.000 Inventory Land/building/equipment (net) 35.000.000 247.500.000 A/P Akbar capital Diva capital Raifan capital Rp 42.500.000 137.500.000 112.500.000 60.000.000 Total Rp352.500.000 Rp352.500.000 Akbar, Diva, and Raifan share profits and losses 40%, 35%, 25%. Since the Partners decide not to run the business anymore, they considering an offer Rp250.000.000 for A/R. inventory, Land/building/equipment as of July 31. The proceed will be used to pay creditor and Partners in installments Required Prepare a cash distribution plan and shows how much cash each partner will receive if the offer is accepted and prepare the entries
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. The trial balance of Adira Partnership as of July 31, 2020 are follows:
Debit
Credit
Cash
A/R
Rp 15.000.000
55.000.000
Inventory
Land/building/equipment (net)
A/P
35.000.000
247.500.000
Rp 42.500.000
137.500.000
Akbar capital
Diva capital
Raifan capital
112.500.000
60.000.000
Total
Rp352.500.000
Rp352.500.000
Akbar, Diva, and Raifan share profits andlosses 40%, 35%, 25%. Since the Partners decide
not to run the business anymore, they considering an offer Rp250.000.000 for A/R.
inventory, Land/building/equipment as of July 31. The proceed will be used to pay creditor
and Partners in installments
Required
Prepare a cash distribution plan and shows how much cash each partner will receive if the
offer is accepted and prepare the entries
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