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1 B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers . They assigned Ryan as the manager of the joint
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B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers . They assigned Ryan as the manager of the joint venture. They agreed to divide profits 4:6. They terminated the venture on December 21, 2011 with unsold merchandise. On this date , Ryan's trial balance shows the following account balances before profit distribution: Dr Cr Joint Venture Cash $ 90,000 Joint Venture 23,500 Bryan, Capital P 32,500 Yan, Capital 15,600 Yan received P 6,300 as her share in the joint venture profit. Ryan agreed to be charged for the unsold merchandise as of December 31, 2010. B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers . They assigned Ryan as the manager of the joint venture. They agreed to divide profits 4:6. They terminated the venture on December 21, 2011 with unsold merchandise. On this date , Ryan's trial balance shows the following account balances before profit distribution: Dr Cr Joint Venture Cash $ 90,000 Joint Venture 23,500 Bryan, Capital P 32,500 Yan, Capital 15,600 Yan received P 6,300 as her share in the joint venture profit. Ryan agreed to be charged for the unsold merchandise as of December 31, 2010Step by Step Solution
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