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Following is the current balance sheet for a local partnership of doctors: Cash and current assets $ 58,000 Land 280,000 Building and equipment (net) 202,000
Following is the current balance sheet for a local partnership of doctors: Cash and current assets $ 58,000 Land 280,000 Building and equipment (net) 202,000 Totals $540,000
Liabilities $ 86,000
A, capital 66,000
B, capital 86,000 C, capital 136,000 D, capital 166,000
Totals $ 540,000 1. E is added to the partnership after contributing $ 25,000 to the business. No goodwill or bonus is recorded. After E makes this investment, what are the individual capital balances?
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