Ariana, Jessie and Nicki are partners sharing profit on a 7:2:1 ratio.

On January 1, 2015, Selena was admitted into the

partnership with 15% share in profits. The old partners continue to participate in profits in their original ratios. For the 2015, the
partnership showed a profits of P75,000. However, it was discovered that the following items were omitted in the firm’s books.

Unrecorded at year end 2014 2015

Accrued expense 1,500
Accrued income 1,000
Prepaid expenses 1,600
Unearned income 1,191

19. The new profit and loss ratio of the partners for 2015 is:
20. The share of partner Jessie in the 2015 net profit is: