30.

The profit of the Busch and Ford partnership is $45,000. The partnership agreement specifies that profits and losses will be shared equally after salary allowances of $25,000 (Busch) and $10,000 (Ford) have been allocated. At the beginning of the year, Busch's Capital account had a balance of $50,000 and Ford's Capital account had a balance of $65,000. What is the balance of Ford's Capital account at the end of the year after profits and losses have been distributed?

A) $65,000. B) $10,000. C) $75,000. D) $80,000.

31.	Kelly Chaytor started the year with a capital balance of $28,000. During the year, her share of partnership profit was $16,000 and she withdrew $4,000 from the partnership for personal use. She made an additional capital contribution of $5,000 during the year. The amount of Kelly Chaytor's capital balance that will be reported on the year-end balance sheet will be
	A) $33,000. B) $49,000. C) $29,000. D) $45,000.

32.

The Statement of Partners' Capital for the Allied Centre reported the following information in total:

	Capital, January 1	$60,000
	Additional investment	20,000
	Drawings	40,000
	Profit	50,000

The partnership has three partners: Hum, Pippy, and Collis with ending capital balances in a ratio 40:20:40. What are the respective ending balances of the three partners?

A)

Hum, $40,000; Pippy, $20,000; Collis, $40,000.

B)

Hum, $36,000: Pippy, $18,000; Collis, $36,000.

C)

Hum, $68,000; Pippy, $34,000; Collis, $68,000.

D)

Hum, $48,000; Pippy, $24,000; Collis, $48,000.