Question
Adnan, Saleh and Marwan are three partners in partnerships; O following information Profit loss ratio Adnan capital 200,000 160,000 40,000 500 400 Saleh Marwan 10%
Adnan, Saleh and Marwan are three partners in partnerships; O following information Profit loss ratio Adnan capital 200,000 160,000 40,000 500 400 Saleh Marwan 10% On the same date they agree to admit kareem on partnerships 120,000 by giving him 20% capital interest and profits Instructions: By using goodwill method record the journal ent case 2 B and R co-partnersin Company. The partnership agreement p allowances of $18,000 to B and $12,000 to R, (2) interest allov balances at the beginning of the year, and (3) the remainder ec on January 1, were B $80,000, and R $40,000. In 2017 partner= $44,000. Required
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