Question 25

Ameen, Ibraheem, and Abdulaziz invested to establish a company for Computer Software. They decided to share capital and distributed the profits in equally. The total capital SR 2,700,000. Ameen, Ibraheem paid their share inpartnership SR 1,800,000, and Abdulaziz paid SR 600,000 his full share.

The journal entries of the initial investments under Bonus Method:

A.

	Questions	Dr	Cr
D	bank A/c Ameencapital IbraheemCapital AbdulazizCapital	2,400,000	900,000 900,000 600,000

B.

	Questions	Dr	Cr
A	Investment A/c Ameencapital IbraheemCapital AbdulazizCapital	2,400,000	800,000 800,000 800,000

C.

	Questions	Dr	Cr
C	Bank A/c Ameencapital IbraheemCapital AbdulazizCapital	2,700,000	900,000 900,000 900,000

D.

	Questions	Dr	Cr
B	Bank A/c Ameencapital IbraheemCapital AbdulazizCapital	2,400,000	800,000 800,000 800,000