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:: Solution ::
Accounts + Receivable Loan to Willing Accounts = Payable Note + Payable Ready + Capital Willing Capital Able Capital Transactions Cash + + Inventories + Equipment + Land + Goodwill I + + January $ 1,36,000.00 $ 28,000.00 $ 1,90,000.00 $ 1,35,000.00 $ 1.34,000.00 $ 1,40,000.00 $ 1,30,000.00 $ 90,000.00 $-90,000.00 $ 1,96,000.00 $ -22,500.00 $ 1,47,000.00 $ -40,500.00 $ 2,20,000.00 $ -27,000.00 $ -1,00,000.00 $ -1,25,000.00 $ -12,500.00 $ -22,500.00 $ -15,000.00 Beginning balance $ 1,20,000.00 Goodwill written off Collection on account $ 1,00,000.00 Inventory sold $ 75,000.00 Payment to accounts payable $ -1,40,000.00 Payment to notes payable $ -1,30,000.00 Balance at the end of January $ 25,000.00 Contingency Balance $ -10,000.00 Cash to be distributed $ $ 15,000.00 $ -1,40,000.00 $ -1,30,000.00 $ $ 36,000.00 $ 28,000.00 $ 65,000.00 $ 1,35,000.00 $ 1,34,000.00 $ $ $ 1,61,000.00 $ 84,000.00 $ 1,78,000.00 Less: $ 3,750.00 $ 6,750.00 $ 4,500.00 February $ 36,000.00 $ 28,000.00 $ 65,000.00 $ 1,34,000.00 $ 1,35,000.00 $ -90,000.00 $ -65,000.00 Beginning balance $ 10,000.00 Sale of equipment $ 50,000.00 Sale of remaining inventory $ 75,000.00 Liquidation expense $ -6,000.00 Balance at the end of February $ 1,29,000.00 Contingency Balance $ -10,000.00 Cash to be distributed $ 1,19,000.00 $ 1,57,250.00 $ -10,000.00 $ 2,500.00 $ -1,500.00 $ 1,48,250.00 $ 77,250.00 $ -18,000.00 $ 4,500.00 $ 2,700.00 $ 61,050.00 $ 1,73,500.00 $ -12,000.00 $ 3,000.00 $ -1,800.00 $ 1,62,700.00 $ 36,000.00 $ 28,000.00 $ $ 45,000.00 $ 1,34,000.00 $ $ Less: $ 29,750.00 $ 53,550.00 $ 35,700.00 March $ 36,000.00 $ 28,000.00 $ $ 45,000.00 $ 1,34,000.00 $ -1,34,000.00 Beginning balance $ 10,000.00 Land sold $ 1,50,000.00 Accounts Receivable written off Remaining equipment sold $ $ 25,000.00 Loan to Willing written off Final settlement $ 1,85,000.00 $ 1,18,500.00 $ - $ 4,000.00 $ -9,000.00 $ -5,000.00 $ 7,500.00 $ - $ 7,200.00 $ -16,200.00 $ -9,000.00 $ -28,000.00 $ -38,500.00 $ 1,27,000.00 $ 4,800.00 $ -10,800.00 $ -6,000.00 $ -36,000.00 $ -45,000.00 $-28,000.00 $ $ $ $ $ $ 1,08,500.00 $ 1,15,000.00
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