P 12-02 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
Wilkes Chevron Distributed

Total Income for Distribution

Distribution of Salary: Wilkes
Remaining Income After Salary
Distribution of Interest
Chevron
Remaining Income After Salary and Interest
Distribution of Remaining Income
Wilkes
Chevron
Remaining Income
Income of Partners

2.
Income of Partner Income
Wilkes Chevron Distributed

Total Income for Distribution

Distribution of Salary: Wilkes
Negative Balance After Salary
Distribution of Interest
Chevron
Negative Balance After Salary and Interest
Distribution of Negative Balance
Wilkes
Chevron
Remaining Income
Income of Partners

3.
Income (Loss) of Partner Loss
Wilkes Chevron Distributed
Total Loss for Distribution
Distribution of Salary: Wilkes
Negative Balance After Salary
Distribution of Interest
Chevron
Negative Balance After Salary and Interest
Distribution of Negative Balance
Wilkes
Chevron
Remaining Loss
Income and Loss of Partners