please help me find the Remaining Excess/Deficiency ...
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Accounting
please help me find the Remaining Excess/Deficiency
Current Attempt in Progress At the end of its first year of operations on December 31, 2022, Blossom Company's accounts show the following. The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2022 has not been closed to the partners' capital accounts. (Credit account titles are dutomatically indented when amount is entered. Do not indent manually). 1. Net income is $30,600. Income is shared 6:3:1. 2. Net income is $40,800. Niensted and Bolen are given salary allowances of $15,300 and $10.200, respectively. The remainder is shared equally. 3. Net income is $19,380. Each partner is allowed interest of 10% on beginning capital balances, Niensted is given a $15,300 salary allowance. The remainder is shared equally. 1. Income Summary A. Niensted, Capital G. Bolen, Capital K. Sayler, Capital 2. Income Summary A Niensted, Capital G. Bolen, Capital K. Sayler, Capital 3. Income Summary A. Niensted, Capital G. Bolen, Capital K. Sayler, Capital i 10506






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