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Table 12-3 Mariah and Brittney have formed a partnership and invested $140,000 and 5160,000, respectively. They have agreed to share profits as follows: 1) The
Table 12-3 Mariah and Brittney have formed a partnership and invested $140,000 and 5160,000, respectively. They have agreed to share profits as follows: 1) The first $30.000 is to be allocated according to their original capital contributions to the partnership 2) Mariah is to receive $40,000 and Brittney is to receive $45,000 for service 3) The remainder is to be allocated 5:3, respectively. Refer to Table 12 - 3. Assuming the business incurs a net loss of $36.000. Brittney's capital account will be: O A. debited for $94 375 O B. credited for $40.375 OC. credited for $4.375 D. debited for 556 625
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