Need help solving be12-1 through be12-5

ls $28.000, respectipa 5:3:2 and capitalbalancem> Keller ha. $41.coo -- -BE12-10 Dais pers 4Ca Shea. Capital 519,000 (x Lassets in setslement of ber capita 00oda 4,000 (D). Luthi is unable to pay ans 16, ared Riley. She receives 385,a drawing from the respectivelshow much of Riley-n-~1. be revalued in situations like DO Iftheano man able "o pay an, ofthe capitaide. leathcash should be paid to L. Scastrom $12.000 (C and M. Luchi argations like thone in 23. Your roommate argues that 6O 11D 12-1 1 17. Why is Apple not a er's equity determined Why is Aecshould be gsald to L Seastrom.23. Your Why is this decides to purc hase froms an existing partner for $50,000 a BRIEF EXERCISES DO ITA 12 ment pro Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and st a book value of $3,500. Prepare the entry to record Nichols's ship, assuming the equipment has a fair value of $4,000. nts ie fomin BE12-1 Barbara Ripley and Fred Nichols decide to organize the A d Nichols's investment in the 2) e pornioe of opening e set for parmership Pentor Company. The balance sheet of Torres Co. shows: BE12-2 Penner and Torres decide to merge their proprietorships into a part and Fo LR Co Accounts receivable Less: Allowance for doubtful accounts Equipment Less: Accumulated depreciation-equip. $16,000 1.200 20,000 7,000 $14,800 13,000 The partners agree that the net realizable value of the receivables is $14,500 fair value of the equipment is $11,000. Indicate how the accounts shouldhe opening balance sheet of the partnership. accounts should appear in the div sion of BE12-3 Rod Dall Co. reports net income of $75,000. The income ratios are a fisad aeone aDal 40%. Indicate the division of net income to each partner, and prepare t and prepare the entry o distribute the net income. salary allowances are Phts $15,000, Filbert $5,000, and Witten $5,000. Indicate the division of net income te P BE12-5 Nabb &Fry Co. reports net income of $31,000. Interest allowar vision of net BE12-4 PFW Co. reports net income of $45,000. Partner salary allowances to each ivision of met a salary d fixed ratios.partner, assuming the income ratio is 50:30:20, respectively. allow ogo, the remain are Fry $10,000, the s of ner income $7,000 and Fry $5,000; salary allowances are Nabb $15,000 and ces eceed net der is shared equally. Show the distribution of income on the income st ng creditors, account balances in the Mann Co. are Cash $21,000, A Capital (Cr.) $8,000, B Capital (Cr.) $9,000, and C Carinl (Cr) $4,000. The partners share income equally. Journalize the final distribution of cash s balances, BE12-6 After liquidating noncash assets and paying creditors, account cash guidation.the partners