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1. DEFG partnership had four partners and earned a profit of $400,000 for the most recent year. Partners D, E, F and G share income

1. DEFG partnership had four partners and earned a profit of $400,000 for the most recent year. Partners D, E, F and G share income in the following ratio: 1:2:3:4. Record the entry to distribute the profit to the partners. 2. Joan Jones is a partner in ABC Limited partnership. At the beginning of the year the her partnership balance was $110,000 and her ending balance was $125,000. Her share in the partnership profits for the year was $10,000. What is her partner return on equity

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