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The Distance Plus partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: Tiger (
The Distance Plus partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages:
Tiger $
Phil
Ernie
Sergio invests $
Required:
Note: Use the cells A to C from the above information to complete this question.
Prepare a schedule calculating the balance to be credited to each partner's account if Sergio invests $ for a interest. Assume the bonus method is used.
Tiger Phil Ernie Sergio
I arrived to the balances to be credited below but my results are not correct per grading system... Please give me support
Sergio investment $ $ $ $
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