As part of the initial investment, Jackson contributes accounts receivable that had a balance of $43,578 in the accounts of a sole proprietorship. Or this amount, $1,536 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $80s. The amount debited to Accounts Receivable for the new partnership is Oa $42,042 Ob $41,237 Oc. $42.773 Od: $43,578 Jefferson has a capital balance of $65,000 and devotes full time to a partnership. Washington has a capital balance of $45,000 and devotes half time to the partnership. If no other information is available regarding distributions, in what ratio is net income to be divided? O 6.5:4.5 OD 1:2 O 1:1 Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $27,000 and $18,000, respectively, and the remaining income equally. How much of the net loss of $6,000 is allocated to Yolanda? Oa $3,000 OD 55.000 O $1.000 Od 30 Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell devotes one-half time to the business Determine the division of $150,000 of net income in the ratio of time devoted to business. Oa. $75,000 and $75,000 Ob. $112,500 and $37,500 Oc. $100,000 and $50,000 Od: $37,500 and $112,500