Problem II - Solution (a) Share income 60% to Mariely & 40% to Rosaura Share income 60% to Mariely & 40% to Rosaura Mariely 54,000 Rosaura 36,000 Calculation Mariely: 90,00060% = 54,000 Rosaura: 90,000 x 40% = 36,000 (b) Share income in Salary & Remaining divided 60% to Mariely & 40% to Rosaura Salary Allowance Remaining divided 60% to Mariely & 40% to Rosaura Mariely Rosaura 30,000 45,000 99000 39,000 6,000 51,000 Total Income Distribution Remaining Calculation: Mariely: 15,000 60% = 9,000 Rosaura: 15,000 40% = 6,000 (c) Share income in Salary, Interest on Capital Investment & Remaining 50%/50% Salary Allowance 10% on their initial capital investment Remaining 50%/50% Interest Total Income Distribution Rosaura Mariely Grow 55,000 40,000 2000- 11,000 9,000 145,-- 12,500 12,500 90. 53,500 36,500 Mariely: 110,000 10%=11,000 Remaining Calculation Rosaura: 19,000-2=9,500 109,000 90000 Tapoo Calculation Rosaura: 90,000 10% = 9,000 Mariely: 19,000+2=9,500 (1) Compute the partners' ending capital balances under the assumption in part O. 110,000 + 53,500 - 30,000 - 133,500 90,000+ 36,500 - 26,000 = 100,500 Mariely: Rosaura: MARIELY, CAPITAL So 30,000 110,000 931500 33,500 ROSAURA, CAPITAL 26,000 90,000 36,500 100,500 Pag. 1 REF DEDIT GENERAL JOURNAL 109-90-19 66 DATE ACCOUNT DESCRIPTION CREDIT 49 (a) Mariely Capital Rosaura Capita 54,000 36,000 90,000 (b) Mariely Capital 39,000 Rosaura Cupital $1,000 90,000 Mariely Capital 53.500 Rosaura Capital 36,500 90,000 45,500 66,000 75,500 $8,50