Google G side effect of caffeine in chocolax + On 1 January 2010, Luis and...
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Accounting
Google G side effect of caffeine in chocolax + On 1 January 2010, Luis and Henry entered into o partnership contributing $140,000 and $10,000 respectively and sharing profils In the ratio od 21, Laske kan be allowed a salary of $16,000 per year. Interest on capital is to be allowed at 10% per annum. Henry entitled to receive a commission of $14.000, During the year, Luis withdrew $16,000 and Henry $15,000 werd er the same being 12% per annum. Profit in 2010 before the above mentioned adjustments was $110.000. Prepare Profit and Loss Appropriation Account and the forte Capital Accounts. A B 1 i E hp

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