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Partner's Share 11. Gardo and Gordo formed a partnership on July 1, 2011 to operate two stores to be mar by each of them. They
Partner's Share 11. Gardo and Gordo formed a partnership on July 1, 2011 to operate two stores to be mar by each of them. They invested P30.000 and P20,000 and agreed to share earnings 60 and 40%, respectively. All their transactions were for cash, and all their subsequent transactions were handled through their respective bank accounts as summarized belo Gardo Gordo Cash receipts P79,100 P65,2 Cash disbursements 62,275 70 On October 31, 2008, all remaining noncash assets in the two stores were sold for cast P60,000. The partnership was dissolved, and cash settlement was effected. In the distri of the P 60,000 cash, Gardo received: a. 24000 C. P34.000 b. 26,000 d. 36,000 Dayag
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