Dallas and Texas entered into a partnership agreement. To begin the partnership, Dallas

contributed cash of $$65,000,$ Texas contributed cash of $$125,000$ and land valued at $$250,000.$

There was a mortgage on the contributed land of $$25,000,$ which became the responsibility of

the new partnership. Dallas and Texas agreed to share profits and losses in a ratio of $\frac{1}{3}$ and

$\frac{2}{3},$ respectively. As a result of the contributed assets, what was the amount in the capital

account for Dallas?

Dallas and Texas entered into a partnership agreement agreeing to share profits in a ratio of

$40\%$ and $60\%,$ respectively. Dallas contributed some property that originally cost $$37,000.$ Texas

contributed cash in the amount of $$50,000.$ The partners agreed to immediately sell the

property receiving $$60,000.$ What amount should be recorded as the capital accounting of Dallas

at the time the assets are contributed and the property sold?

Larry, Curly, and Moe formed a partnership and agreed to share profits and losses as follows.

Larry is to get a salary of $15\%$ of the profits. All three partners are to received ten percent

interest on their average capital investment. Any remain profit is to be divided equally. The

average capital investment for Larry is $$100,000,$ for Curly it is $$200,000,$ and for Moe it is

$$300,000.$ How much of the $$90,000$ partnership profit for the year should be allocated to Larry?

Dallas and Texas entered into a partnership agreement agreeing to share profits in a ratio of

$60\%$ and $40\%,$ respectively. Dallas has a capital balance of $$80,000$ and Texas has a capital

balance of $50,000.$ Dallas and Texas decide to admit Arizona to the partnership with a $1/3$

interest for an investment of $$50,000.$ The partner's agreed to use the bonus method in

recording the admission of Arizona. What is the capital balance of each partner immediately

after the admission of Arizona?

Dallas and Texas entered into a partnership agreement agreeing to share profits in a ratio of

$60\%$ and $40\%,$ respectively. Dallas has a capital balance of $$80,000$ and Texas has a capital

balance of $50,000.$ Dallas and Texas decide to admit Arizona to the partnership with a $1/3$

interest for an investment of $$50,000.$ The partner's agreed to use the goodwill method in

recording the admission of Arizona. What is the capital balance of each partner immediately

after the admission of Arizona?