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How much should be paid to partner l

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Question - On January 3, 2023, L, A, and Z formed a partnership, agreeing to divide profits 2:1:1, respectively. On July 31, 2023, with operations going unfavorable, the partners decided to dissolve the firm. The following data are available:

 

L

A

Z

Capital Contributions

50,000

22,500

20,000

Drawings

15,000

10,000

10,000

Net Loss, July 31, P30,000

15,000

7,500

7,500

After realization, the net assets of the firm are valued at P65,000. In the settlement to the partners, how much should be paid to partner L?

Reference no: EM133160180

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