Question: Hello, please help me answer these problems with complete solutions and in good accounting form, thank youuuu UPDATE: They will divide profits equally INSTEAD of
Hello, please help me answer these problems with complete solutions and in good accounting form, thank youuuu



UPDATE: They will divide profits equally INSTEAD of 4:6. What is the amount due to Bryan upon final settlement? * 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 Joint Venture Cash P 90,000 Joint Venture 23,500 Bryan, Capital P 32,500 Yan, Capital 15,600 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.Bang, Bing and Bong formed a joint venture in 2010 to sell computers. They assigned Bing as the manager of the joint venture. They agreed to divide profits equally. They terminated the venture on December 21, 2011 with unsold merchandise. On this date, Bing's trial balance shows the following account balances before profit distribution: Debits: Joint Venture Cash P90,000, Joint Venture P23,500. Bong, Capital P15,600. Credit: Bang. Capital P32.500. Bing received P 5,300 as her share in the joint venture profit. Bing agreed to be charged for the unsold merchandise as of December 31, 2010. What is the amount due to Bang upon final settlement? * UPDATE: They will divide profits equally INSTEAD of 4:6. What amount of merchandise inventory should be charged to Ryan? * 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 Joint Venture Cash P 90,000 Joint Venture 23,500 Bryan, Capital P 32,500 Yan, Capital 15,600 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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