capital balances in midway co are mirko 40000, Cost Accounting

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capital balances in midway co are mirko 40000

Capital balances in Midway Co. are Mirko $40,000, Neil $30,000, and Grillini $18,000. Mirko and Neil each agree to pay Grillini $12,000 from their personal assets. Mirko and Neil each receive 50% of Grillini's equity. The partners share income equally. Journalize the withdrawal of Grillini.

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Cost Accounting: capital balances in midway co are mirko 40000

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Cost Accounting: capital balances in midway co are mirko 40000

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