Andre, Floyd and Wlad are in a partnershiphey share their profits/losses in the ratio of 2:2:1 respectively
on Financial Reporting 101.pdfX+XOO File | C:/Users/Shalane/Desktop/Financial%20Reporting%20101.pdf. .34of 43-+ | A) Read aloud | DrawVEraseAt 31 December 2019, the balances of the accounts in the general ledger of the partnershipwere as follows:DebitCreditRRCapital: Andre.45 000Capital: Floyd ….45 000Capital: Wlad ……45 000Current account: Andre .15 000Current account: Floyd ….10 000Current account: Wlad.8 000Goodwill…..24 000Trade payables control…140 000Furniture and equipment at carrying amount .340 000Accumulated depreciation: Equipment ……108 000Bank …….2 000391 000391 0001. The furniture and equipment were sold as follows:Carrying amountSelling priceTransaction methodRR15 January 202010 0008 00022 January 2020Taken over by Wlad120 000150 000Cash31 January 2020102 00085 000Cash232 000245 0002. Five percent discount was received when the creditors were paid.Type here to searchSito 1) 8ENG10:512020/08/06
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