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A partnership began its first year with the following capital balances: Adrian, capital 26,000 Brian, capital balances: Adrian, capital 26,000 Brian, capital 52,000 Charles, capital

A partnership began its first year with the following capital balances: Adrian, capital 26,000 Brian, capital balances: Adrian, capital 26,000 Brian, capital 52,000 Charles, capital ..117,000 David, capital 156,000 Edgar contributed $124,000 in cash into the partnership to receive a 20% interest in the partnership. Goodwill was to be recorded. The four original partners shared all profits and losses equally. After Edgar made his investment, Adrian's capital balance is 36,250 62,250 26,000 88,250 36,000

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