Help with the following problems

For the Retained Earnings section, what would be the date for 110,000? The only options are Balance. Mar.1, June 1. Sept. 1. Dec.1. and Dec. 31.

Ando, Dadd, and Porter formed a partnership on January 1, 2020. Ando invested $60,000, Dadd $60,000 and Porter $140,000. Ando will manage the store and work 40 hours per week in the store. Dadd will work 20 hours per week in the store, and Porter will not work. Each partner withdrew 40 percent of his income distribution during 2020. If there was no income distribution to a partner, there were no withdrawals of cash. Compute the partners' capital balances at the end of 2020 under the following independent conditions: (Hint: Use T accounts to determine each partner's capital balances.) (al) Your answer is correct. Net income is $120,000 and the income ratio is Ando 40%, Dadd 35%, and Porter 25%. Ando Dadd Porter Capital balances 88,800 85,200 158,000 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (a2) x Your answer is incorrect. Try again. Net income is $125,000 and the partnership agreement only specifies a salary of $50,000 to Ando and $30,000 to Dadd. Ando Dadd Porter Capital balances Capital balances 120,800 99,450 146,75| Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 3 of 3 used (a3) Net income is $76,000 and the partnership agreement provides for (a) a salary of $40,000 to Ando and $40,000 to Dadd, (b) interest on beginning capital balances at the rate of 10%, and (c) any remaining income or loss is to be shared by Ando 40%, Dadd 35%, and Porter 25%. Ando Dadd Porter Capital balances Click if you would like to Show Work for this question: Open Show Work Problem 13-02A a-c (Part Level Submission) Blue Spruce Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $110,000. In 2020, the company had the following treasury stock transactions. Mar. 1 Purchased 6,000 shares at $8 per share. June 1 Sold 1,000 shares at $13 per share. Sept.1 Sold 2,000 shares at $10 per share. Dec. 1 Sold 1,500 shares at $7 per share. Blue Spruce Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $28,000. (a) Your answer is correct. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 1 - Treasury Stock 48,00 Cash 48,000 June 1 1 cash Treasury Stock T 8,000 Paid-in Capital from Treasury Stock 5,000 Sept. 1 cash T Treasury Stock T 16,000 | Paid-in Capital from Treasury Stock 4,000 Dec. 1 Cash 1,500 Paid-in Capital from Treasury Stock T 12,000 Dec. 31 Treasury Stock \Income Summary Retained Earnings 28,000 (b) Your answer is partially correct. Try again. Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. ( order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Dec. 1 1,500 ||| June 1 5,000 Sept. 1 4,000 Bal. 7,500 Treasury Stock Mar. 1 48,000 || June 1 T 8,000 Sept. 1 1 16,000 Dec. 1 1 12,000 Bal. Retained Earnings 110,000 28,000 Bal. A 138,000 Click if you would like to Show Work for this question: Open Show Work