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What is the amount due to ba upon final settlement

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Problem 1: Ba, Bi, and Bo formed a joint venture in 2010 to sell clothes. They assigned Bi as the manager of the joint venture. They agreed to divide profits equally. They terminated the venture on December 21, 2011 with unsold merchandise. On this date, Bi's trial balance shows the following account balances before profit distribution: Debits: Joint Venture Cash $90,000, Joint Venture $23,500, Bo, Capital $15,600. Credit: Ba, Capital $32,500. Bi received $5,300 as her share in the joint venture profit. Bi agreed to be charged for the unsold merchandise as of December 31, 2010. What is the amount due to Ba upon final settlement?

Reference no: EM132933077

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