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  • Needles POA 12e - P 12-05

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    Samer
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    The document provides instructions for distributing partnership income across three partners (Jan, Pat, Misa) according to the order of interest payments, salary payments, and remaining income distribution. Cells are to be filled in with the appropriate monetary amounts or zeros, following the order of transactions. An asterisk will appear next to incorrect entries.

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    accounting

    Original Title

    Needles POA 12e_P 12-05

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    The document provides instructions for distributing partnership income across three partners (Jan, Pat, Misa) according to the order of interest payments, salary payments, and remaining income distribution. Cells are to be filled in with the appropriate monetary amounts or zeros, following the order of transactions. An asterisk will appear next to incorrect entries.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views2 pages

    Needles POA 12e - P 12-05

    Uploaded by

    Samer
    The document provides instructions for distributing partnership income across three partners (Jan, Pat, Misa) according to the order of interest payments, salary payments, and remaining income distribution. Cells are to be filled in with the appropriate monetary amounts or zeros, following the order of transactions. An asterisk will appear next to incorrect entries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    P 12-05 Name :

    Section :

    Enter appropriate amount or item in the shaded cells.


    An asterisk (*) will appear next to an incorrect entry in the outlined cells.
    Ignore "$" sign in your responses. Enter losses and deductible amounts with a minus sign.
    Leave no cells blank. Ensure to enter "0" wherever applicable.
    Enter transactions following the order provided in the Question.

    Distribution of Income: Salaries and Interest


    1.
    Income of Partner Income
    Jan Pat Misa Distributed

    Total Income for Distribution


    Distribution of Interest:
    Jan
    Misa
    Remaining Income After Interest
    Distribution of Salary: Pat
    Remaining Income After Interest and Salary
    Distribution of Remaining Income
    Jan
    Pat
    Misa
    Remaining Income
    Income of Partners

    2.
    Income of Partner Income
    Jan Pat Misa Distributed

    Total Income for Distribution


    Distribution of Interest:
    Jan
    Misa
    Remaining Income After Interest
    Distribution of Salary: Pat
    Remaining Income After Interest and Salary
    Distribution of Remaining Income
    Jan
    Pat
    Misa
    Remaining Income
    Income of Partners
    3.
    Income of Partner Income
    Jan Pat Misa Distributed

    Total Income for Distribution


    Distribution of Interest:
    Jan
    Misa
    Remaining Income After Interest
    Distribution of Salary: Pat
    Remaining Income After Interest and Salary
    Distribution of Remaining Income
    Jan
    Pat
    Misa
    Remaining Income
    Income of Partners

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