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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $133,000; Chris, $93,000; and
Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $133,000; Chris, $93,000; and Molly, $113,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $173,000. The balance in Caitlins capital account immediately after Pauls admission is:
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$111,820
$173,000
$154,180
$121,240
$134,180
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