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._ .___... . . ._._.. -_. l'' Activity#1: Multiple Choice. Write the letter of the correct answer. Partners Del Mundo, Burgos, and Gonzales have capital

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._ .___... . . ._._.. -_. l'"""' Activity#1: Multiple Choice. Write the letter of the correct answer. Partners Del Mundo, Burgos, and Gonzales have capital balances in a partnership of 150,000, 100,000 and 200,000, respectively. Loss for the year was 300,000. 1. What will be the capital balance for Burgos if the three partners share prots and losses at a 4:3:3, respectively? a. 1,000 credit balance 13. 10,000 debit balance c. 99,000 debit balance d. 10,000 credit balance 2. What will be Burgos capital balance if Del Mundo gets an 180,000 salary, Burgos get 70,000 salary, and Gonzales gets a 10% interest on his beginning balance with remainder being divided at a 2:2:1 ratio, respectively? a. 170,000 debit balance b. 32,000 debit balance c. 70,000 debit balance d. 128,000 debit balance

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