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Uno, Dos and Tres are partners sharing profit on a 7.2.1 ratio on January 1 2020 Singko was admitted into the partnership with 15% share
Uno, Dos and Tres are partners sharing profit on a 7.2.1 ratio on January 1 2020 Singko was admitted into the partnership with 15% share in profits The old partners continued to participate in profits in the original ratios. For the year 2020 the partnership showed profile of P15,000. However, it was discovered in 2020 that the following items were omitted in the firm's books: Unrecorded at year 2019 2020 end Accrued expense P1,050 Accrued income 875 Prepaid expense P1400 Uneared income 1.225 The only changes on the old partner's capital during 2020 were the inct Income allocation and the correctirig entries Alter electing the correcting entries for the unrecorded innsactions how much the change or Unos capital during 20202 After effecting the correcting entries for the unrecorded transactions, how much is the change on Tres' capital during 2020
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