Partners x, y, z capital balances: 150000, 250000, and 450000, respectively. p/l based on capital. y became a pwd and thus incapable of performing his duties, so he withdrew, april 25. as at april 25: income summary 78700 (debit balance). partners agreed to a +reval (land) of 90000, and to give y a 10% interest from withdrawal date up to payment date, and a bonus of 20000. as of april 25, partner drawings were 3k, 10k, and 1k, respectively.

Required: matrix for capital update for y and new p/l ratio for the remaining partners. cash distribution to y, july 25.

The capital update for partner y is 360000, the new profit/loss ratio for the remaining partners is 0.25 for x and 0.75 for z, and the cash distribution to partner y on July 25 is 350000.

The capital update for partner y and the new profit/loss ratio for the remaining partners can be calculated as follows:

Step 1: Calculate the new capital balance for partner y after the revaluation of land and the bonus payment.
New capital balance for y = 250000 + 90000 + 20000 = 360000

Step 2: Calculate the interest payment for partner y for the period from April 25 to July 25.
Interest payment = 360000 * 0.10 * (3/12) = 9000

Step 3: Calculate the total cash distribution to partner y on July 25.
Total cash distribution to y = 360000 + 9000 - 10000 (drawings) = 350000

Step 4: Calculate the new profit/loss ratio for the remaining partners x and z.
New profit/loss ratio for x = 150000 / (150000 + 450000) = 0.25
New profit/loss ratio for z = 450000 / (150000 + 450000) = 0.75

As a result, partner y's capital update is 360000, the revised profit/loss ratio for the other partners is 0.25 for partner x and 0.75 for partner z, and partner y will get 350000 in cash on July 25.

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