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The adjusted trial balance of the Ricci and Napoli Partnership for the year ended December 31, 2017, appears below: RICCI AND NAPOLI PARTNERSHIP Adjusted Trial

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The adjusted trial balance of the Ricci and Napoli Partnership for the year ended December 31, 2017, appears below: RICCI AND NAPOLI PARTNERSHIP Adjusted Trial Balance December 31, 2017 Debit Credit 19,000 Current Assets Plant Assets Current Liabilities Long-term Debt Ricci, Capital Ricci, Drawings Napoli, Capital Napoli, Drawings Sales Revenue Cost of Goods Sold Operating Expenses 80,000 7,000 40,000 20,000 4,000 18,000 7,000 110,000 62,000 23,000 195,000 195,000 The partnership agreement stipulates that a division of partnership net income or net loss is to be made as follows 1. A salary allowance of $12,000 to Ricci and $23,000 to Napoli. 2. The remainder is to be divided equally Police i 2000-2018Johnw All Rights Rese A Division of

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