question in the pic. ne profit.A&B Co. started operations on April 1, 20x1. Mr. A, a partnerin A&B Co., is entitled to 6% interest on the weighted averagebalance of his capital account. Mr. A's ledger shows thefollowing:A, CapitalRef.DateDebitCreditBalance100,000.0079,000.0087,000.00001100,000.00April 1, 20x1June 30, 20x1September 30, 20x1December 1, 20x1(9821,000.001468,000.002114,000.0083,000.00Requirement: Compute for the interest on Mr. A's weightedaverage capital balance.

Calculation of weighted average capital balance of Mr A : A,s Capital = 1,00,000 ×312 + 79,000 ×312…

ne profit. A&B Co. started operations on April 1, 20x1. Mr. A, a partner in A&B Co., is entitled to 6% interest on the weighted average balance of his capital account. Mr. A's ledger shows the following: A, Capital Ref. Date Debit Credit Balance April 1, 20x1 June 30, 20x1 September 30, 20x1 December 1, 20x1 001 100,000.00 100,000.00 21,000.00 79,000.00 87,000.00 83,000.00 098 146 8,000.00 211 4,000.00 Requirement: Compute for the interest on Mr. A's weighted average capital balance.

ne profit. A&B Co. started operations on April 1, 20x1. Mr. A, a partner in A&B Co., is entitled to 6% interest on the weighted average balance of his capital account. Mr. A's ledger shows the following: A, Capital Ref. Date Debit Credit Balance April 1, 20x1 June 30, 20x1 September 30, 20x1 December 1, 20x1 001 100,000.00 100,000.00 21,000.00 79,000.00 87,000.00 83,000.00 098 146 8,000.00 211 4,000.00 Requirement: Compute for the interest on Mr. A's weighted average capital balance.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 23CE

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