Question: Please help me answer and understand Number 29 and 30 Finale partnership has the following account balance before liquidation: Cash P 70,000 Liabilities Noncash assets

Please help me answer and understand

Please help me answer and understand Number 29 and 30 Finale partnership

Number 29 and 30 Finale partnership has the following account balance before liquidation: Cash P 70,000 Liabilities Noncash assets 1, 475,000 Loan from Ang Loan to Co 30,000 Dy, Capital (40%) Receivable from Dy 4,000 Co, Capital (40%) Expenses 446,000 Ang, Capital (20%) Revenues During July, some noncash assets were sold that resulted to a loss of P9255. Liquidation expenses of P35,000 were paid and additional expenses amounting to P18,000 were expected to be incurred through the following months of liquidating the partnership. Liabilities to outsiders amounting to P175,000 were paid. 29. If Co received P111,110, compute the amount of cash paid to outsiders and other partners during the first month of liquidation a. 383,775 b. 208,775 0. 272,665 d. 322,665 30. Compute the share of Dy in the maximum possible loss in the month of July a. 426,800 b. 446,800 c. 444,490 (1. 464,490

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