{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T09:11:45-04:00", "answer_date": "2024-05-26 09:11:45", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1732091", "url": "\/study-help\/questions\/enrichment-problem-1-just-before-liquidation-capital-and-loan-balances-1732091", "question_creation_date_js": "2024-05-26T09:11:45-04:00", "question_creation_date": "May 26, 2024 09:11 AM", "meta_title": "[Solved] Enrichment Problem 1 Just before liquidat | SolutionInn", "meta_description": "Answer of - Enrichment Problem 1 Just before liquidation Capital and loan balances for partners R, S, T who share profits 40%, 40% | SolutionInn", "meta_keywords": "enrichment,problem,1,liquidation,capital,loan,balances,partners,s,share,profits,40%", "question_title_h1": " Enrichment Problem 1 Just before liquidation Capital and loan balances for partners R, S, T who share profits 40%, 40%, and 20% respectively are", "question_title": " Enrichment Problem 1 Just before liquidation Capital and loan balances for", "question_title_for_js_snippet": "Enrichment Problem 1 Just before liquidation Capital and loan balances for partners R, S, T who share profits 40 , 40 , and 20 respectively are as follows RST Loan Capital 200,000 300,000 200,000 700,000 300,000 400,000 Questions 1 Who has the first priority in the distribution of available cash and how much is the estimated amount of cash expected to be received 2 Assuming P55,000 cash is available for distribution to the partners, how much shall be received by each partner 3 Indicate by journal entry the application of the P55,000 cash to be distributed ", "question_description": "\"image", "transcribed_text": "Enrichment Problem 1 Just before liquidation Capital and loan balances for partners R, S, T who share profits 40%, 40%, and 20% respectively are as follows: RST Loan Capital 200,000 300,000 200,000 700,000 300,000 400,000 Questions: 1. Who has the first priority in the distribution of available cash and how much is the estimated amount of cash expected to be received? 2. Assuming P55,000 cash is available for distribution to the partners, how much shall be received by each partner? 3. Indicate by journal entry the application of the P55,000 cash to be distributed.", "related_book": { "title": "Managerial Accounting", "isbn": "1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445", "edition": "2nd edition", "authors": "Charles E. Davis, Elizabeth Davis", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/281.jpg", "uri": "\/textbooks\/managerial-accounting-2nd-edition-281", "see_more_uri": "" }, "free_related_book": { "isbn": "1451677553", "uri": "\/textbooks\/the-wisest-one-in-the-room-how-you-can-benefit-from-social-psychologys-most-powerful-insights-1st-edition-9781451677553-104111", "name": "The Wisest One In The Room How You Can Benefit From Social Psychologys Most Powerful Insights", "edition": "1st Edition" }, "question_posted": "2024-05-26 09:11:45", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/you-believe-that-oil-prices-will-be-rising-more-than-716598", "description": "You believe that oil prices will be rising more than expected, and that rising prices will result in lower earnings for industrial companies that use a lot of petroleum-related products in their...", "stars": 3 }, { "url": "\/1-distinguish-between-a-call-and-a-put-for-the", "description": "1. 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