Accounting 2

Problem 12-5B page 490
1	a	Dr	Cash		325000
			Cr	equipment		308600
			Cr	gain on sale		16400
	b	Dr	gain on sale		16400
			Cr	reasure capital		6560
				ramirez capital		3280
				roney capital		6560
	c	Dr	account payable		171300
			Cr	Cash		171300
		remaining cash		328000
	d	Dr	reasure capital		156760
		Dr	ramirez capital		101180
		Dr	roney capital		70060
			Cr	Cash		328000
2	a	Dr	cash		265000
		Dr	loss on sale		43600
			Cr	equipment		308600
	b	Dr	reasure capital		17440
		Dr	ramirez capital		8720
		Dr	roney capital		17440
			cr	loss on sale		43600
	c	Dr	account payable		171300
			Cr	cash		171300
		remaining cash		268000
	d	Dr	reasure capital		132760
		Dr	ramirez capital		89180
		Dr	roney capital		46060
			Cr	cash		268000
3	a	Dr	cash		100000
		Dr	loss on sale		208600
			Cr	equipment		308600
	b	Dr	reasure capital		83440
		Dr	ramirez capital		41720
		Dr	roney capital		83440
			Cr	loss on sale		208600
	c	Dr	account payable		171300
			Cr	cash		171300
		remaining cash		122940
	d	Dr	reasure capital		66760
		Dr	ramirez capital		56180
			Cr	cash		122940
		for roney has to pay the deficits				deficit
		Dr	Cash		19940
			Cr	Roney		19940
4	a	Dr	cash		75000
		Dr	loss on sale		233600
			Cr	equipment		308600
	b	Dr	reasure capital		93440
		Dr	ramirez capital		46720
		Dr	roney capital		93440
			Cr	loss on sale		233600
	c	Dr	accounts payable		171300
			Cr	cash		171300
		deficit of roney		-29940
	d	partner unable to pay paid by the other partner
		Dr	reassure capital		19960
		Dr	ramirez capital		9980
			Cr	roney capital		29940
		remaining cash		78000
		Dr	reassure capital		36800
		Dr	ramirez capital		41200
			cr	cash		78000
		finish thank you