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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f (1) Facebook * (1) Messenger y Home / Twitter + A messenger.com/messenger_media?thread_id=100002241957998&attachment_id=314510063851030&message_id=mid.%24cAAAAB9NIna-DczgrdV9QfMNXf86N Forward Follow the format below for your journal entries: Debit Cash 1,000 and Credit Sales 1,000 Debit Cash 500 Debit Accounts Receivable 500 and Credit Sales 1,000 Note: use single space On May 1, 2014, Nico Company sold merchandise to Customer Francis and received a P26,400 (face amount), one-year, noninterest-bearing note. The going (i.e. market) rate of interest is 10 percent. The annual reporting period for Nico Company ends on December 31. Customer Francis paid the note in full on its maturity date. What is the journal entry to record April 30, 2015 transaction? 3:58 PM ble 6:10 pm 24°C Mostly sunny A 4») ENG 21/11/2021 立

In class we use this formular can you calculate the second question with that? Btw you can type on a computer I'm just not allowed to use Excel
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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please explain step by step!