Web122PROBLEMS Problem 3-1(Division of Profit under Various Assumptions) The capital accounts of Bondoc and Barba at the end of the fiscal year 2014 are as follows: Bondoc, Capital January 1 Balance P210,000 May 1 Investment 90,000 October1 Withdrawal P60,000 Barba, Capital January 1 Balance P150,000 April 1 Withdrawal P30,000 The …
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WebProfit is divided 60% to Bondoc and 40% to Barba. Computation: Bondoc - P300,000 x 60% = P180,000 Barba - P300,000 x 40% = P120,000 Entry: Income Summary 300,000 … WebSalaries of P60,000 and P48,000 are allowed to Bondoc and Barba, respectively, and the balance of profit is divided in the ratio of capital balance at the end of the period. 6. Bondoc is allowed a bonus of 33 1/3% of profit after bonus, and the balance of the profit is divided in the ratio of the average capital.
WebTranscribed image text: Exercise 3-9 (Division of Profit under Various Assumptions) The capital accounts of Bondoc and Barba at the end of the fiscal year 2014 are as follows: … WebProblem 3-1 (Division of Profit under Various Assumptions) The capital accounts of Bondoc and Barba at the end of the fiscal year 2014 area follows: Bondoc, Capital P210,000 January 1 Balance 90,000 May Investment October 1 Withdrawal P60,000 Barba, Capital P150,000 January 1 Balance April Withdrawal P30,000 The partnership profit for the …
WebBondoc, Capital 305,100 Barba, Capital 294,400 Bondoc Barba Total8% interest on ave. cap. P 20,400 P 10,200 P 30,600 Balance – equally 284,700 284,700 569,400 P305,100 P294,900 P600,000 5. WebProfit is divided 60% to Bondoc and 40% to Barba. BONDOC 60% X 300,000 180,000.00 BARBA 40% X 300,000 120,000.00 2. Profit is divided in the ratio of capital balances at the beginning of the period. BONDOC 210,000.00 21/36 X 300,000 175,000.00 BARBA 150,000.00 15/36 X 300,000 125,000.00 360,000.00 300,000.00 3.
WebBondoc and Barba at the end of the fiscal year 2014 are ; follows: Bondoc, Capital P210,000 January 1 Balance 90,000 May Investment October 1 Withdra... Show more... Show more Business Accounting Answer & Explanation Unlock full access to Course Hero Explore over 16 million step-by-step answers from our library Get answer
Webbondoc According to the U.S. Census Bureau, Bondoc is ranked #21535 in terms of the most common surnames in America. The Bondoc surname appeared 1,212 times in the … brick sideing for manufactured homesWebSalaries of P120,000 and P96,000 are allowed to Bondoc and Barba, respectively, and the balance of profit is divided in the ratio of capital balances at the end of the period. 6. Bondoc is allowed a bonus of 33 1/3% of profit after bonus, and the balance of profit is divided in the ratio of the average capital. ANSWER: 1. brickside grille thanksgivingWebThe profit of the partnership id P400,000 and income tax rate is 30%. Instruction: Determine the amount of bonus under each of the following assumptions: 1. Bonus is computed based on profit before deduction for bonus and income tax. 2. Bonus is computed based on profit after deduction for bonus but before deduction for income tax. 3. brickside ivoryton ctWebTranscribed Image Text: Exercise 3-9 (Division of Profit under Various Assumptions) The capital accounts of Bondoc and Barba at the end of the fiscal year 2014 are as follows: Barbie, Capital January 1 Balance May 1 Investment October 1 Withdrawal P210,000 90,000 P 60,000 Carla, Capital January 1 Balance October 1 Withdrawal P150,000 … brick side tableWebSalaries of P60,000 and P48,000 are allowed to Bondoc and Barba, respectively, and the balance of profit is divided in the ratio of capital balance at the end of the period. 6. Bondoc is allowed a bonus of 33 1/3% of profit after bonus, and the balance of the profit is divided in the ratio of the average capital. brickside in extonWeb1. Profit is divided 60% to Bondoc and 40% to Barba. Bondoc (₱ 300,000 x 60%)-> ₱ 180,000 Barba (₱ 300,000 x 40%)-> ₱ 120,000 Journal Entry: Income Summary ₱ … brickside sunday brunchWebSt. Johns Medical Services, PC - FAR ROCKAWAY 1. 495 Beach 20th Street. Far Rockaway, NY 11691. United States. (347) 619-5950. (718) 869-8507 (fax) Get directions. brickside restaurant bridgeport wv