Ask for income allocation and statement of parners capital and 4 journals entries

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ask for income allocation and statement of parners capital and 4 journals entries
C
D
E
profit
residual
salary allowat
ob cap bal
interest %
netincome
salary allowance
subtotal
interest
subtotal
based on %
allocated
F
100,000
10,000
100,000
abc
income allocation schededule
y/e 12/31/22
1,000
158800
259,800
5
b
20,000
2,000
198500
200,500
600,000
C
H
1
50,000
500,000
50,000
600000
39700
139,700
total
600000
50,000 (150,000)
450,000
10%
(53,000)
397,000
-397000
M
Transcribed Image Text:C D E profit residual salary allowat ob cap bal interest % netincome salary allowance subtotal interest subtotal based on % allocated F 100,000 10,000 100,000 abc income allocation schededule y/e 12/31/22 1,000 158800 259,800 5 b 20,000 2,000 198500 200,500 600,000 C H 1 50,000 500,000 50,000 600000 39700 139,700 total 600000 50,000 (150,000) 450,000 10% (53,000) 397,000 -397000 M
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