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What amount should kuz and mic capital account change

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KUZ, LONZO, and MIC are partners with average capital balances during 2013 of P472,500, P238,650, and P162,350, respectively. The partners receive 10% interest on their average capital balances; after deducting salaries of P122, 325 to KUZ and P82,625 to MIC, the residual profits or loss is divided equally.

In 2013, the partnership had a net loss of P125,624 before the interest and salaries to partners.

Problem 1: By what amount should KUZ'S and MIC'S capital account change?

a) P40,844 decrease; P31,235 decrease

b) P29,476 decrease; P17,536 decrease

c) P30,267 decrease; P40,448 decrease

d) P28,358 decrease; P32,458 decrease

Reference no: EM132821149

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