Hello.  I am a sr citizen with a brain injury.  I am having trouble figuring something out, if you could help, please. Rental deposit was $3900.  Party J paid $2900, Party N paid $500, and Party S paid $100. Parties will receive a partial deposit refund due to: $1,528.95 in unpaid rent/late fees (Party J received Party N's portion and Party S's portion of $600 total) Shared expenses for cleaning, etc. to be split evenly by all three parties totalling $1,305. QUESTION: How much of the returned deposit of $1067.05 does each party receive? I really would appreciate assistance.  I've been working on this for three days now :/ Shelly

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hello.  I am a sr citizen with a brain injury.  I am having trouble figuring something out, if you could help, please.

Rental deposit was $3900.  Party J paid $2900, Party N paid $500, and Party S paid $100.

Parties will receive a partial deposit refund due to:

$1,528.95 in unpaid rent/late fees (Party J received Party N's portion and Party S's portion of $600 total)

Shared expenses for cleaning, etc. to be split evenly by all three parties totalling $1,305.

QUESTION: How much of the returned deposit of $1067.05 does each party receive?

I really would appreciate assistance.  I've been working on this for three days now :/

Shelly

 

 

 

 

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Apologies, my errors:

Party S paid $500 deposit (not $100)

Party J is responsible for the entire $1,528.95 in unpaid rent/late fees. 

I await your response. Thank you. 

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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