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Assuming that the income summary has a debit balance of P50,000. Also the partners will receive 20% interest on beginning capital balances; monthly salary of

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Assuming that the income summary has a debit balance of P50,000. Also the partners will receive 20% interest on beginning capital balances; monthly salary of P12,000 and P18,000 the partners respectively; 30% bonus on net income to Kara; and the remainder if any, in the ratio of 7:3. Kara Tara P(168,000) P218,000 B. (148,000) (200,000) C. (105,000) 155,000 D. (161,000) 111,000

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