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    Problem 1-14 Greg, Harris and Ivan Partnership Greg Harris Ivan

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    Genelle Soriano
    Greg, Harris, and Ivan have a partnership. Greg contributed ₱200,000 initially and ₱41,666.67 on March 1. Harris contributed ₱300,000 initially and received ₱2,916.67 on August 1. Ivan contributed ₱250,000 initially, ₱6,666.67 on May 1, and ₱1,250 on October 1 and ₱416.67 on December 1. The document shows the capital contributions and withdrawals for each partner over the year and calculates their weighted average capital and interest earned at 8% rate.

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    Problem 1-14 Greg, Harris and Ivan Partnership Greg Harris Ivan

    Uploaded by

    Genelle Soriano
    176 views1 page
    Greg, Harris, and Ivan have a partnership. Greg contributed ₱200,000 initially and ₱41,666.67 on March 1. Harris contributed ₱300,000 initially and received ₱2,916.67 on August 1. Ivan contributed ₱250,000 initially, ₱6,666.67 on May 1, and ₱1,250 on October 1 and ₱416.67 on December 1. The document shows the capital contributions and withdrawals for each partner over the year and calculates their weighted average capital and interest earned at 8% rate.

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    Greg, Harris, and Ivan have a partnership. Greg contributed ₱200,000 initially and ₱41,666.67 on March 1. Harris contributed ₱300,000 initially and received ₱2,916.67 on August 1. Ivan contributed ₱250,000 initially, ₱6,666.67 on May 1, and ₱1,250 on October 1 and ₱416.67 on December 1. The document shows the capital contributions and withdrawals for each partner over the year and calculates their weighted average capital and interest earned at 8% rate.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    176 views1 page

    Problem 1-14 Greg, Harris and Ivan Partnership Greg Harris Ivan

    Uploaded by

    Genelle Soriano
    Greg, Harris, and Ivan have a partnership. Greg contributed ₱200,000 initially and ₱41,666.67 on March 1. Harris contributed ₱300,000 initially and received ₱2,916.67 on August 1. Ivan contributed ₱250,000 initially, ₱6,666.67 on May 1, and ₱1,250 on October 1 and ₱416.67 on December 1. The document shows the capital contributions and withdrawals for each partner over the year and calculates their weighted average capital and interest earned at 8% rate.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    PROBLEM 1-14 GREG, HARRIS AND IVAN PARTNERSHIP

    Greg Harris Ivan


    ₱
    Jan. 1 ₱ 200,000.00 ₱ 300,000.00 250,000.00

    Mar. 1 41,666.67 - -

    Apr. 1 7,500.00 15,000.00 -


    -
    May 1 - - 6,666.67

    Aug. 1 - 2,916.67 4,166.67 -


    1,250.
    Oct. 1 1,250.00 1,000.00 00
    416.
    Dec. 1 - - 67
    Weighted Average ₱
    Capital ₱ 247,500.00 ₱ 320,166.67 245,000.00
    Interest Rate 8% 8% 8%
    ₱
    Interest ₱ 19,800.00 ₱ 25,613.33 19,600.00

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