Business, 12.02.2020 21:31 pnhandley01

Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $40,000 and $60,000, respectively. The partnership generated net income of $20,000. What is Saturn's capital balance after closing the revenue and expense accounts to the capital accounts

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Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $40,0...