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Audit 2 - Review Materi

January 25, 2017

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Latihan Soal dan Jawaban Akuntansi Lanjutan Cp. 15

PROBLEM 15-1 Profit Allocation Day and Night formed an accounting partnership in 2008. Capital transactions for Day and Night during 2008 are as follows : Date Transaction Amount Day 1/1 Beginning balance $75,000 4/1 Withdrawal 18,750 6/1 Investment 37,500 11/1 Investment 18,750 Night 1/1 Beginning balance $37,500 7/1 Withdrawal 18,750 10/1 Investment 9,375 Partnership net income for the year ended December 31,2008; is $68.400 before considering salaries or interest. Required : Determine the amount of profit that is to be allocated to Day and Night in accordance with each of the following independent profit-sharing agreements: Day and Night failed to provide a profit-sharing arrangement in the articles of partnership and fail to compromise on an agreement. Net income is to be allocated 60% to Day and 40% to...

Latihan Soal dan Jawaban Akuntansi Lanjutan Cp. 16

Problem 16-5 Advance Cash Distribution Plan Part A Baker, Strong, and Weak have called on you to assist them in winding up the affairs of their partnership. You are able to gather the following information. The trial balance of the partnership at June 30, 2008, is a follows. Debit Credit ___________________________________________________________________ Cash $ 6,000 Accounts Receivable 22,000 Inventory 14,000 Plant and Equipment (net) 99,000 Baker, Advance 12,000 Weak, Advance 7,500 Accounts Payable $ 17,000 Baker, Capital 67,000 Strong, Capital 45,000 Weak, Capital ______ 31,500 Total $ 160,500 $ 160,500 The partner share profits and losses as follows : Baker, 40%; Strong, 40%; and Weak, 20%. ...

Soal dan Jawaban Akuntansi Lanjutan

Problem 16-5 Advance Cash Distribution Plan Part A Baker, Strong, and Weak have called on you to assist them in winding up the affairs of their partnership. You are able to gather the following information. The trial balance of the partnership at June 30, 2008, is a follows. Debit Credit ___________________________________________________________________ Cash $ 6,000 Accounts Receivable 22,000 Inventory 14,000 Plant and Equipment (net) 99,000 Baker, Advance 12,000 Weak, Advance 7,500 Accounts Payable $ 17,000 Baker, Capital 67,000 Strong, Capital 45,000 Weak, Capital ______ 31,500 Total $ 160,500 $ 160,500 The partner share profits and losses as follows : Baker, 40%; Strong, 40%; and Weak, 20%...

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Audit 2 - Review Materi

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