Hi I need help on what is the answer for this accounting problem. Below is the pictures and the reference to help. I hope you can help me https://drive.google.com/drive/folders/1d_SOeDa1Z66eCS0MvUSTNCWlRlFVxUSH?usp=sharing PROBLEM ON PARTNERSHIP OPERATION:ARAY KHO PO are partners, Their Capital accounts for 2019 are the following:ARAYкноPOP 70,000Jann 1 Beginning BalancesMar 1 WithdrawalMar 1 InvestmentApril 30 InvestmentMay 1 InvestmentJune 30 InvestmentJuly 30 WithdrawalAug 30 withdrawalSept 30 investmentSept 30 investmentOct 30 investmentNov 30 withdrawalP 80,000(10,000)P 50,00025,00020,00050,00010,000(20,000)(15,000)25,00050,00050,000(5,000) For each of the following independent incomesharing agreements, prepare an income distributionschedule.a) Agreement:= Salaries:ARAY P20,000кно 25,000PO22,000- KHO will receive a bonus 10% of NET INCOMEAFTER DEDUCTING HIS BONUS= Interest is 15% of ending capital balances= Remainder will be 7:7:6= NET INCOME = P169780b) Agreement:= KHO receives a bonus of 20% of NET INCOMEAFTER DEDUCTING THE BONUS AND SALARY= Remainder : Equally= Interest, 15% of ACB= Salaries:ARAY P 20,000кно15,00020,000PONET INCOME = p180,000c) Agreement:= PO bonus 25% of NET INCOME AFTER DEDUCTINGTHE BONUS AND THE SALARIES= Salaries:ARAY P30,000кно20,00025,000PO= NET INCOME P150,000= Interest 10% of Beginning Capital= Remainder : 4:4:3

1. Calculation of Ending Capital balances : Particulars ARAY KHO PO Beginning Balances P…

For each of the following independent income sharing agreements, prepare an income distribution schedule. a) Agreement: = Salaries: ARAY P20,000 кно 25,000 PO 22,000 - KHO will receive a bonus 10% of NET INCOME AFTER DEDUCTING HIS BONUS = Interest is 15% of ending capital balances = Remainder will be 7:7:6 = NET INCOME = P169780 b) Agreement: = KHO receives a bonus of 20% of NET INCOME AFTER DEDUCTING THE BONUS AND SALARY = Remainder : Equally = Interest, 15% of ACB = Salaries: ARAY P 20,000 кно 15,000 20,000 PO NET INCOME = p180,000 c) Agreement: = PO bonus 25% of NET INCOME AFTER DEDUCTING THE BONUS AND THE SALARIES = Salaries: ARAY P30,000 20,000 25,000 кно PO = NET INCOME P150,000 = Interest 10% of Beginning Capital = Remainder : 4:4:3

For each of the following independent income sharing agreements, prepare an income distribution schedule. a) Agreement: = Salaries: ARAY P20,000 кно 25,000 PO 22,000 - KHO will receive a bonus 10% of NET INCOME AFTER DEDUCTING HIS BONUS = Interest is 15% of ending capital balances = Remainder will be 7:7:6 = NET INCOME = P169780 b) Agreement: = KHO receives a bonus of 20% of NET INCOME AFTER DEDUCTING THE BONUS AND SALARY = Remainder : Equally = Interest, 15% of ACB = Salaries: ARAY P 20,000 кно 15,000 20,000 PO NET INCOME = p180,000 c) Agreement: = PO bonus 25% of NET INCOME AFTER DEDUCTING THE BONUS AND THE SALARIES = Salaries: ARAY P30,000 20,000 25,000 кно PO = NET INCOME P150,000 = Interest 10% of Beginning Capital = Remainder : 4:4:3

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I have answered A-I in the pictures I posted below. I need the answers to J-L.
Homework x a ezto.mheducation.com/ext/map/index.html?_con3Dcon&external_browser%=D0&launchUrl%=https%253A%252F%252Ffaytechcc.blackboard.c A User Management,... I https://outlook.offi. e FES Protection Plan System 7 - North C.. ework Exercises A Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate On April 1, Moloney Meat Distributors sold merchandise on account to Fronke's Franks for $3,630 on Invoice 1001, terms 1/10, n/30. The cost of merchandise sold was $2.260. Payment was received in full from Fronke's Franks, less discount, on April 10. Required: Record the transactions for Moloney Meat Distributors on April 1and April 10. The company uses the perpetual inventory system. (Round final answers to the nearest whole dollar value.)
I need help filling in my spreadsheet and I have looked up in the library but everyone's answer are coming out wrong. Can you please help me because this is due tomorrow. Company Accounting Workbook Template Spreadsheet https://learn.snhu.edu/content/enforced/1059513-ACC-201-R5781-OL-TRAD-UG.22EW5/Course%20Documents/ACC%20201%20Company%20Accounting%20Workbook%20Template.xlsx?_&d2lSessionVal=z4RVl9IawPfmsxCM81JBkzX5v&ou=1059513 Accounting Data Appendix Word Document. https://learn.snhu.edu/content/enforced/1059513-ACC-201-R5781-OL-TRAD-UG.22EW5/Course%20Documents/ACC%20201%20Accounting%20Data%20Appendix%201.docx?_&d2lSessionVal=z4RVl9IawPfmsxCM81JBkzX5v&ou=1059513
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omework x ezto.mheducation.com/ext/map/index.html?_con3con&external_browser%3D0&launchUrl=https%253A%252F%252Ffaytechcc.blackboard.co.. Q E User Management,. H https://outlook.offi. FES Protection Plan System 7 - North C... ework Exercises Saved Help Bushard Company (buyer) and Schmidt, Inc. (seller), engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 20X1 Feb. 10 Purchased merchandise for $6,800 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30. 13 Received Credit Memorandum 230 from Schmidt, Inc., for damaged merchandise totaling $380 that was returned; the goods were purchased on Invoice 1980, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 20X1 Feb. 10 Sold merchandise for $6,800 on account to Bushard Company, Invoice 1980, terms 1/10, n/30. The cost of merchandise sold was $3,900. 13 Issued…
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gle Chrome File Edit View History Bookmarks Profiles Tab Window Help Inbox (229) - abigailof X MGmail x iConnect - Home x Question 5 Mid-Term x Connect Getting to K wiL47988 xapp ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Mid-Term Exam Saved 5 Part 4 of 4 Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,660 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Ask Land Office equipment Accounts payable Owner investments $ 12,040 Cash withdrawals by owner 13,720 Consulting revenue 2,990 Rent expense 45,940 Salaries expense 17,710 Telephone expense 8,230 Miscellaneous expenses. 83,660 $ 1,760 13,720 3,210 6,690 870 680 Mc Graw Hill 一口 Help Save & E Also assume the following: a.…
How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
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