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Business, 24.06.2020 22:01 andersonkee2657

Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively. The partnership generated net income of $50,000 for the year. What is Paul's capital balance after closing the revenue and expense accounts to the capital accounts?

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Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000...

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