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Jon Anderson started the year with a capital balance of $134700. During the year, his share of partnership net income was $121000 and he withdrew
Jon Anderson started the year with a capital balance of $134700. During the year, his share of partnership net income was $121000 and he withdrew $21900 from the partnership for personal use. He made an additional capital contribution of $37000 during the year. The amount of Jon Anderson's capital balance that will be reported on the year-end balance sheet will be $270800. $121000. $292700. $233800
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