Question
8. (LO 6) AP Capital balances in the Alouette partnership are Tremblay, Capital $50,000; St-Jean, Capital $40,000; and Roy, Capital $30,000. The profit and loss
8. (LO 6) AP Capital balances in the Alouette partnership are Tremblay, Capital $50,000; St-Jean, Capital $40,000; and Roy, Capital $30,000. The profit and loss ratio is 5:4:3. Roy withdraws from the partnership after being paid $16,000 personally by each of Tremblay and St-Jean. St-Jean's capital balance after recording the withdrawal of Roy is:
9. (LO 6) AP Capital balances in the TERM partnership are Takako, Capital $50,000; Endo, Capital $40,000; Reiko, Capital $30,000; and Maeda, Capital $20,000. The profit and loss ratio is 4:3:2:1. Maeda withdraws from the firm after receiving $29,000 in cash from the partnership. Endo's capital balance after recording the withdrawal of Maeda is:
could you show all calculations
thanks
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