NAMA : ALIYANA SALMA NAFISYA

NIM : 20/456876/SV/17323
KELAS : ASP 41

1. Income Allocation Schedule

Kathy Eddie Total
Net Income $ 30,000
Bonus to Kathy $ -1,500 $ 1,500 $ 1,500
Remainder $ 28,500
Salary Allowance $ -25,000 $ 10,000 $ 15,000 $ 25,000
Remainder $ 3,500
50/50 Split $ -3,500 $ 1,750 $ 1,750 $ 3,500
Remainder $ - $ 13,250 $ 16,750 $ 30,000

2. Revenue and Expense Summary $ 30,000

Kathy Capital $ 13,250
Eddie Capital $ 16,750
Allocate Partnership net income for the year to the partners

Kathy Capital $ 15,000

Kathy Drawing $ 15,000
Eddie Capital $ 10,000
Eddie Drawing $ 10,000
Close the drawing account to the capital accounts

3. Capital Income
K & E Partnership
Statement of Partners Capital
For the year ended December 31 2011
Kathy Eddie
Capital Balances January 1, 2011 $ 496,750 $ 268,250
Add: Additional Investments $ 5,000 $ 5,000
Net Income $ 13,250 $ 16,750
$ 515,000 $ 290,000
Deduct : Withdrawals $ - $ -
Drawings -$ 15,000 -$ 10,000
Capital Balances December 31, 2011 $ 500,000 $ 280,000
NAMA : ALIYANA SALMA NAFISYA
NIM : 20/456876/SV/17323
KELAS : ASP 41

1. Income Allocation Schedule

Kathy Eddie Total
Net Income $ 30.000
Bonus to Kathy $ -1.500 $ 1.500 $ 1.500
Remainder $ 28.500
Salary Allowance $ -25.000 $ 10.000 $ 15.000 $ 25.000
Remainder $ 3.500
50/50 Split $ -3.500 $ 1.750 $ 1.750 $ 3.500
Remainder $ - $ 13.250 $ 16.750 $ 30.000

2. Revenue and Expense Summary $ 30.000

Kathy Capital $ 13.250
Eddie Capital $ 16.750
Allocate Partnership net income for the year to the partners

Kathy Capital $ 15.000

Kathy Drawing $ 15.000
Eddie Capital $ 10.000
Eddie Drawing $ 10.000
Close the drawing account to the capital accounts

3. Capital Income
K & E Partnership
Statement of Partners Capital
For the year ended December 31 2011
Kathy Eddie
Capital Balances January 1, 2011 $ 496.750 $ 268.250
Add: Additional Investments $ 5.000 $ 5.000
Net Income $ 13.250 $ 16.750
$ 515.000 $ 290.000
Deduct : Withdrawals $ - $ -
Drawings -$ 15.000 -$ 10.000
Capital Balances December 31, 2011 $ 500.000 $ 280.000