1.

In the photo is a picture of the separate sole proprietorship of lester and daryl they decided to
form a partnership with theses terms machinery and equipment of lester is under depreciated
by 1500 and that daryl of by 4,500, allowance for doubltful account of 12,000 for lester and
4,500 for daryl what would be the total contributed capital of Lester?

Year 1

Cash 1,500 3,750

AR 54,000 22,500

Inventory 20,250

Machinery And Equipment 15,000 27,000

Total 70,500 73,500

Accounts Payable 13,500 24,000

Lester, Capital 57,000

Daryl, Capital 49,500

Total 70,500 73,500

2. How much is the total contributed Capital of daryl?

3. Under the partnership agreement lester wants to have a 50:50 profit and loss ratio with daryl
and wants his capital balance to be the same as his profit and loss ratio to achieve this he
would withdraw or contribute a sum of money how much cash should lester contribute

4. How much be the total agree capital of daryl after formation