B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers. They assigned Ryan as the manager of the joint venture. They agreed to divide profits 4:6. They terminated the venture on...



What is the amount due to Bryan upon final settlement?


B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers. They assigned Ryan as the manager<br>of the joint venture. They agreed to divide profits 4:6. They terminated the venture on December 21, 2011 with<br>unsold merchandise. On this date, Ryan's trial balance shows the following account balances before profit<br>distribution:<br>Dr<br>Cr<br>P 90,00<br>23,500<br>P 32,500<br>Joint Venture Cash<br>Joint Venture<br>Bryan, Capital<br>Yan, Capital<br>15,600<br>Yan received P 6,300 as her share in the joint venture profit. Ryan agreed to be charged for the unsold<br>merchandise as of December 31, 2010.<br>

Extracted text: B. Bryan, Ryan and Yan formed a joint venture in 2010 to sell computers. They assigned Ryan as the manager of the joint venture. They agreed to divide profits 4:6. They terminated the venture on December 21, 2011 with unsold merchandise. On this date, Ryan's trial balance shows the following account balances before profit distribution: Dr Cr P 90,00 23,500 P 32,500 Joint Venture Cash Joint Venture Bryan, Capital Yan, Capital 15,600 Yan received P 6,300 as her share in the joint venture profit. Ryan agreed to be charged for the unsold merchandise as of December 31, 2010.

Jun 11, 2022
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