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AutoSave OH H 2. . 2 Excel A Christopher Alon Ritch(caritch) - x Comments File Home Insert Page Layout Formulas Data Review View Help Search
AutoSave OH H 2. . 2 Excel A Christopher Alon Ritch(caritch) - x Comments File Home Insert Page Layout Formulas Data Review View Help Search Share A17 fi X B 1 On January 1st 2020 the PSST partnership had the following capital accounts: Schiff $510,000 Schumer $600,000 Pelosi $700,000 $1,000,000 Trump 6 The partnership agreement states the following: Partners would receive 10% interest on their beginning of the year capital accounts Schiff receives a salary of $10,000 per year Trump receives a salary of $50,000 per year Pelosi takes $24000 per year out of her capital account for cosmetics 11 cd DOLLAR EURO Trumn takes $30.000 ner vear out of his canital account for orange hair dve START RUNNING TERMINATE # oe No.9 @ SONO 0 - 1 + 100% ENG 837 PM INTL 4/28/20202 Type here to search 2 Excel A Christopher Alon Ritch(caritch) - AutoSave OH File Home 417 x Comments Formulas Data Review View Help Search Share H 2. . Insert Page Layout x for A Trump takes $30,000 per year out of his capital account for orange hair dye profits are shared equally Losses are: 40% Schumer 30% Schiff 20% Pelosi and 10% Trump In 2020 the partnership reported income of $800,000 [before interest and partner salaries] In 2021 the partnership reported income of $200,000 (before interest and partner salaries) In 2022 the partnership reported income of $750,000 [before interest and partner salaries ] REQUIRED: for 2020,2021 and 2022 determine a) each partners share of partnership income b) each partners ending capital balance. cd DOLLAR EURO START RUNNING TERMINATE + # + 100% # Type here to search O - INIL Araw e N O. 9 OSONA
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