Methods of Distributing Receipts Example #1

Amount of the payment

 22,000.00

Total net amount due

 22,750.00

Calculated distribution percentage: 22,000 / 22,750 = .9670 (96%)

Fee

Year

Term

Subsidiary Code

Net Amount Due

Amount Applied to the Fee

TU

1998

SP

AR

15000.00

14505.00

CR

1998

SP

AR

250.00

241.75

BK

1998

SP

AR

5000.00

4835.00

RG

1998

SP

AR

2500.00

2418.25