B. April, May and June are partners. The following balances are obtained prior to liquidation. April (50%) P 400,000 ( 50,000) May (20%) P 300,000 80,000 June (30%) P 250,000 Capital Balances Loan...

B. April, May and June are partners. The following balances are obtained prior to liquidation.<br>April (50%)<br>P 400,000<br>( 50,000)<br>May (20%)<br>P 300,000<br>80,000<br>June (30%)<br>P 250,000<br>Capital Balances<br>Loan (Receivables) Payables<br>30,000<br>Assets are sold and cash is distributed to the partners in monthly installments. During the course of<br>liquidation, cash made available to the partners are as follows:<br>April<br>May<br>P 200,000<br>350,000<br>June<br>250,000<br>What amount of cash was paid to May in the first month of liquidation?<br>4. How much did April receive in the last month of liquidation?<br>3.<br>

Extracted text: B. April, May and June are partners. The following balances are obtained prior to liquidation. April (50%) P 400,000 ( 50,000) May (20%) P 300,000 80,000 June (30%) P 250,000 Capital Balances Loan (Receivables) Payables 30,000 Assets are sold and cash is distributed to the partners in monthly installments. During the course of liquidation, cash made available to the partners are as follows: April May P 200,000 350,000 June 250,000 What amount of cash was paid to May in the first month of liquidation? 4. How much did April receive in the last month of liquidation? 3.

Jun 11, 2022

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B. April, May and June are partners. The following balances are obtained prior to liquidation. April (50%) P 400,000 ( 50,000) May (20%) P 300,000 80,000 June (30%) P 250,000 Capital Balances Loan...

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