Question: NAME: SECTION: SCORE: PROFESSOR: quity problem #10 Admission by Purchase of Interest or Investment of Assets butions Dolores Aguilar, Isolde Sustrina, and Beth Bigalbal are

NAME: SECTION: SCORE: PROFESSOR: quity problem #10 Admission by Purchase of Interest or Investment of Assets butions Dolores Aguilar, Isolde Sustrina, and Beth Bigalbal are partners in Cavite Realty company. Their capital balances as at July 31, 2019, are as follows: Aguilar, Capital 450,000 Sustrina, Capital Bigalbal, Capital 150,000 300,000 Each partner has agreed to admit Nelia Pascual to the partnership. ting Required: da prepare the entries to record Pascual's admission to or Aguilar's withdrawal from the e- partnership under each of the following conditions: a . Pascual paid Aguilar P125,000 for 20% of Aguilar's interest in the partnership. es b. Pascual invested P200,000 cash in the partnership and received an interest equal to her investment. C. Pascual invested P300,000 cash in the partnership for a 20% interest in the business. A bonus is to be recorded for the original partners on the basis of their capital balances. d. Pascual invested P300,000 cash in the partnership for a 40% interest in the business. The original partners gave Pascual a bonus according to the ratio of their capital balances on July 31, 2019. e. Aguilar withdrew from the partnership, taking P525,000. The excess of withdrawn assets over Aguilar's partnership interest is distributed according to the balances of the Capital accounts. f. Aguilar withdrew by selling her interest directly to Pascual for P600,000
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