Capital, January 1 Additional investment Drawings Net income The Partners' Capital Statement for JSB Company reported the
Question:
Capital, January 1 Additional investment Drawings Net income The Partners' Capital Statement for JSB Company reported the following information in total: $233000 79500 150000 207000 The partners share income in the ratio of their beginning of year capital balances and each partner withdrew the same amount during the period. The partnership has three partners: Johnson, Sauls, and Birch with ending capital balances in a ratio 40:20:40. What are the respective ending balances of the three partners? Johnson, $147800: Sauls, $73900; Birch, $147800. O Johnson, $176000; Sauls, $88000; Birch, $176000. Johnson, $267800; Sauls, $133900; Birch, $267800. O Johnson, $153200; Sauls, $76600; Birch, $153200.
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso