[mrrsmggd]

e statement of financial position for paraiso and ligeralde partnership on jun 1, 2009 before liquidation is as follows:
assets
cash 50,000
other assets 550,000
liabilities and capital
liabilities 200,000
paraiso, capital 225,000
ligeralde, capital 175,000

partners paraiso and ligeralde share profits and losses 60:40, respectively. In June, assets with book value 220,000 were sold 180,000, creditors were paid in full, and 20,000 was paid to partners. In July, assets with book value of 100,000 were sold 120,000, liquidation expenses of 5,000 were paid and cash of 125,000 was paid to partners. In August, the remaining assets were sold 225,000.

required:
1. how much cash should ligeralde receive in June?
2. how much cash should paraiso receive in July?
3. how much cash should ligeralde and paraiso receive in August?

[Curlyben]

What do YOU think ?
While we're happy to HELP we wont do all the work for you.
Show us what you have done and where you are having problems..

[ma0641]

You have some work to do. Remember, this is a HELP, not DO desk.