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solve it asap Frank Law and Gary Order invest $80,000 and $40,000, respectively, to form the Law and Order Partnership. The partners share profits and
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Frank Law and Gary Order invest $80,000 and $40,000, respectively, to form the Law and Order Partnership. The partners share profits and losses in a 3:1 ratio. During the year, Law withdraws $70,000 and Order withdraws $30,000. If the partnership earns $80,000 during the year, what are the balances of Law's and Order's capital accounts? $60,000 Law $20,000 Order $140,000 Law $60,000 Order $65,000 Law $35,000 Order $70,000 Law $30,000 Order Step by Step Solution
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