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UPON LIQUIDATION OF THE PARTNERSHIP, AURORA SHOULD HAVE RECEIVED? (SHOW A DETAILED SOLUTION) The ETO Partnership is in the process of liquidation. The account balances

UPON LIQUIDATION OF THE PARTNERSHIP, AURORA SHOULD HAVE RECEIVED? (SHOW A DETAILED SOLUTION)

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The ETO Partnership is in the process of liquidation. The account balances prior to liquidation are given below: Debits Credits Cash P 72,000 Liabilities P 40,000 Aurora, drawing 10,000 Esteban, loan 8,000 Esteban, drawing 15,000 Tyro, loan 25,000 Tyro, drawing 20,000 Aurora, capital 49,000 Operating loss 21,000 Esteban, capital 18,000 Loss on realization 12,000 Tyro, capital 10,000 The partners share profits in the following ratio: Aurora, 1/6; Esteban, 2/6; and Tyro, 3/6. Upon liquidation of the partnership, Aurora should have received

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