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Mathematics

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The noncash assets of Sanggojae Company are carried on the balance sheet at P65,000. Partners Soh, Joh, and Jih sell these noncash assets for P75,000. Soh, Joh, and Jih's income-sharing ratio is 2:2:1. They each currently have P25,000 in their capital accounts, and the cash balance is P15,000. Required: ... 21-25. Journal Entry for Sale of Non Cash Asset. 26-30. Jounral Entry for Division of Gain Between Partners. Please anyone can help me? Thanks.

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Today at 4:24 AM

Answer:12.44

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