What is the amount due to Bryan upon final settlement? ? B. Bryan, Ryan and Yan formed
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What is the amount due to Bryan upon final settlement?
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B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers. They assigned Ryan as the manager of the joint venture. They agreed to divide profits 4:6. They terminated the venture on December 21, 2011 with unsold merchandise. On this date, Ryan's trial balance shows the following account balances before profit distribution: Dr Cr 90,000 23,500 Joint Venture Cash Joint Venture P 32,500 Bryan, Capital Yan, Capital 15,600 wwwwwww Yan received P 6,300 as her share in the joint venture profit. Ryan agreed to be charged for the unsold merchandise as of December 31, 2010. B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers. They assigned Ryan as the manager of the joint venture. They agreed to divide profits 4:6. They terminated the venture on December 21, 2011 with unsold merchandise. On this date, Ryan's trial balance shows the following account balances before profit distribution: Dr Cr 90,000 23,500 Joint Venture Cash Joint Venture P 32,500 Bryan, Capital Yan, Capital 15,600 wwwwwww Yan received P 6,300 as her share in the joint venture profit. Ryan agreed to be charged for the unsold merchandise as of December 31, 2010.
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