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12. Partners Allen, Smith, and Jones have capital balances in a partnership of $15,000, $10,000, and $20,000, respectively. The losses for the year are $33,000.

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12. Partners Allen, Smith, and Jones have capital balances in a partnership of $15,000, $10,000, and $20,000, respectively. The losses for the year are $33,000. What will the capital balance for Smith be if the three partners share profits and losses at a 4:3:3 ratio? a $100 credit balance. c. $9,900 debit balance. b. $1,000 debit balance. d. $1,000 credit balance

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