P 1-7

Bedford and Brown

Statement changes in partner capital account
Period January 1, 1990 September 1, 1992

Bedford

Brown

$40,000

$60,000

$100,000

Amount for Sallaries

9,600

12,000

21,600

Amount for Interest on capitals

2,000

3,000

5,000

Balance divided equal

4,200

4,200

8,400

55,800

79,200

135,000

Less personal drawings, 1990

(8,800)

(14,200)

(23,000)

Capital, January 1 1991

47,000

65,000

112,000

Amount for Sallaries

9,600

12,000

21,600

Amount for Interest on capitals

2,350

3,250

5,600

(1,600)

(1,500)

(3,200)

57,350

78,650

136,000

Less personal drawings, 1991

(6,500)

(8,000)

(14,500)

Capitals, January 1 1992

50,850

70,650

121,500

Capital, January 1 1990

Total

Net income in 1990 are :

Net Income in 1991 are:

Less : penyamaan nilai gaji dan bunga

yang melebihi laba bersih

Net income January 1, 1992 till September 1, 1992

are :
Amount for Sallaries

7,200

8,800

16,000

Amount for Interest on capitals

1,695

2,355

4,050

(5,775)

(5,775)

(11,550)

$53,970

$76,030

$130,000

Less : penyamaan nilai gaji dan bunga

yang melebihi laba bersih