Question
Mr. Chow, Ms. King, Mr. Jolly and Ms. Bee formed a partnership on Jan. 01, 2017 with original capital contributions of P300,000, P100,000, P200,000 and
Mr. Chow, Ms. King, Mr. Jolly and Ms. Bee formed a partnership on Jan. 01, 2017 with original capital contributions of P300,000, P100,000, P200,000 and P400,000, respectively. On Jan. 01, 2019, capital accounts of Mr. Chow, Ms. King, Mr. Jolly and Ms. Bee showed the beginning balance for the year of P450,000, P300,000, P250,000 and P400,000, respectively. On Sept 30, Mr. Chow and Ms. King invested P100,000 each. Ms. Bee withdrew her investment of P100,000 on Oct. 01 for personal reasons. The partnership suffered a net loss of P240,000. How much is the share of Mr. Jolly on the loss of P240,000 based on the profit ratio per ending capital of 2019.
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