Partners x, y, z capital balances: 150000, 250000, and 450000, respectively. p/l based on capital. y became a PWD and thus incapable of performing his duties, so he withdrew, April 25. as of April 25: income summary 78700 (debit balance). partners agreed to a +reval (land) of 90000, and to give y a 10% interest from withdrawal date up to payment date, and a bonus of 20000. as of April 25, partner drawings were 3k, 10k, and 1k, respectively.

Required: matrix for a capital update for y and new p/l ratio for the remaining partners. cash distribution to y, July 25.

Answer rating: 100% (QA)

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