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The following are the balances in each partner's capital account Partner A $40,000 Partner B 80,000 Partner C 60,000. The profit sharing split is 40:40:20
The following are the balances in each partner's capital account Partner A $40,000 Partner B 80,000 Partner C 60,000.
The profit sharing split is 40:40:20 for ABC
Partner D pays $35,000 for 10% of the partnership.
Required: Using the Bonus Method, after the bonus is allocated, what will the balance be in Partner A's capital account? (do not use dollar signs, decimals or commas; just input the numbers)
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