Homework Answers
|
A |
B |
Total |
|
|
Balance profit |
$ (30,000.00) |
||
|
Balance Profit in 3:2 |
$ (18,000.00) |
$ (12,000.00) |
$ 30,000.00 |
|
Balance profit |
$ - |
||
|
Total Distribution |
$ (18,000.00) |
$ (12,000.00) |
$ (30,000.00) |
|
Add: Beginning balance |
$ 1,00,000.00 |
$ 80,000.00 |
|
|
Capital balance after distribution |
$ 82,000.00 |
$ 68,000.00 |
Balance in A’s capital account = $82,000
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