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  • BERNARDO - BSA 3101 - 1M - Prelim Exam Computation

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    Robin James Cunanan Bernardo
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    This document shows accounting information for three partners - Yen, Eira, and Trish - over three periods. It tracks their capital contributions, share of profits/losses, interest earned, salaries paid, withdrawals, and ending capital balances. In the first period, Yen's share of the net loss was $11,700, Eira's was $10,400, and Trish's was $3,900. In the second period, Yen's share of the net income was $28,080, Eira's was $4,160 and Trish's was $19,760. In the third period, Yen, Eira and Trish's ending capital balances were $133,380,

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    BERNARDO_BSA 3101 - 1M_Prelim Exam Computation

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    This document shows accounting information for three partners - Yen, Eira, and Trish - over three periods. It tracks their capital contributions, share of profits/losses, interest earned, salaries paid, withdrawals, and ending capital balances. In the first period, Yen's share of the net loss was $11,700, Eira's was $10,400, and Trish's was $3,900. In the second period, Yen's share of the net income was $28,080, Eira's was $4,160 and Trish's was $19,760. In the third period, Yen, Eira and Trish's ending capital balances were $133,380,

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    BERNARDO - BSA 3101 - 1M - Prelim Exam Computation

    Uploaded by

    Robin James Cunanan Bernardo
    This document shows accounting information for three partners - Yen, Eira, and Trish - over three periods. It tracks their capital contributions, share of profits/losses, interest earned, salaries paid, withdrawals, and ending capital balances. In the first period, Yen's share of the net loss was $11,700, Eira's was $10,400, and Trish's was $3,900. In the second period, Yen's share of the net income was $28,080, Eira's was $4,160 and Trish's was $19,760. In the third period, Yen, Eira and Trish's ending capital balances were $133,380,

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    of 1

    14)

    Yen Eira Trish Total


    Net Loss - 26,000 Net Loss - 26,000 Net Loss - 26,000 Withdrawals 13,000 13,000 13,000
    Interest - 39,000 Interest - 39,000 Interest - 39,000 Salaries 26,000 13,000 39,000
    Salaries - 39,000 Salaries - 39,000 Salaries - 39,000 Capital 143,000 104,000 143,000
    Total -104,000 Total -104,000 Total -104,000 10% 10% 10%
    Share of Yen 50% Share of Eira 20% Share of Trish 30% Interest 14,300 10,400 14,300 39,000
    Yen Portion - 52,000 Eira Portion - 20,800 Trish Portion - 31,200
    Interest 14,300 Interest 10,400 Interest 14,300 Share 50% 20% 30%
    Salary 26,000 Salary Salary 13,000
    Share of Loss - 11,700 Share of Loss - 10,400 Share of Loss - 3,900

    15)
    Yen, Cap 143,000 Eira, Cap 104,000 Trish, Cap 143,000
    Interest 14,300 Interest 10,400 Interest 14,300
    Salary 26,000 Salary - Salary 13,000
    Withdrawal - 13,000 Withdrawal - 13,000 Withdrawal - 13,000
    Loss Portion - 52,000 Loss Portion - 20,800 Loss Portion - 31,200
    Yen, Cap 118,300 Eira, Cap 80,600 Trish, Cap 126,100

    16) Net Income 52,000 Net Income 52,000 Net Income 52,000 Yen Eira Trish Total
    Interest - 32,500 Interest - 32,500 Interest - 32,500 Withdrawals 13,000 13,000 13,000
    Salaries - 39,000 Salaries - 39,000 Salaries - 39,000 Salaries 26,000 13,000 39,000
    Total - 19,500 Total - 19,500 Total - 19,500 Capital 118,300 80,600 126,100
    Share of Yen 50% Share of Eira 20% Share of Trish 30% 10% 10% 10%
    Yen Portion - 9,750 Eira Portion - 3,900 Trish Portion - 5,850 Interest 11,830 8,060 12,610 32,500
    Interest 11,830 Interest 8,060 Interest 12,610
    Salary 26,000 Salary - Salary 13,000 Share 50% 20% 30%
    Share of Loss 28,080 Share of Loss 4,160 Share of Loss 19,760

    17) Yen, Cap 118,300 Eira, Cap 80,600 Trish, Cap 126,100
    Interest 11,830 Interest 8,060 Interest 12,610
    Salary 26,000 Salary - Salary 13,000
    Withdrawal - 13,000 Withdrawal - 13,000 Withdrawal - 13,000
    Loss Portion - 9,750 Loss Portion - 3,900 Loss Portion - 5,850
    Yen, Cap 133,380 Eira, Cap 71,760 Trish, Cap 132,860

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