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Activities in the capital accounts of the partners of Walid & Farid LLP for the fiscal year ended December 31, 2020 were, Walid capital Jan.
Activities in the capital accounts of the partners of Walid & Farid LLP for the fiscal year ended December 31, 2020 were, Walid capital Jan. 1 was $300,000, on March 1 invested $100,000 and on December 1 withdrawn $40,000 and Farid capital Jan. 1 was $240,000, on May1 withdrawn $30,000 and on December 1 invested $150,000. the average capital balance of Farid is:
Select one:
a.
$332,500.
b.
$300,000.
c.
$232,500.
d.
$420,000.
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