Alice and Bob are in partnership sharing profits in the ratio 3:2. The partnership's profit for the year was KShs.654,600. The partnership agreement provides for: Interest to be paid on the partners' opening capital balances at a rate of 5% per annum Interest on drawings at a rate of 8% per annum on all drawings during the year Partners' annual salaries of Alice, KShs.90,000; Bob, KShs.50,000. At the beginning of the year, the partners' capital and current account balances were: Capital (KShs.) Current (KShs.) Alice 1,200,000 (Cr) 157,000 (Cr) Bob 800.000 (Cr) 45,000 (Dr) During the year, Alice's drawings were KShs.180,000 and Bob's drawings were KShs.310,000. Required: a) Prepare the Partnership Appropriation Account b) Calculate each partner's share of the residual profit and total profit share c) Prepare the partners' current accounts

Which p shifts to consumer in the four cs of the alternate marketing mix? a) promotion b) product c) place d) price

On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.