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The partnership agreement of Orion and Hunt provides that interest at 10% per year is to be credited to each partner on the basis
The partnership agreement of Orion and Hunt provides that interest at 10% per year is to be credited to each partner on the basis of weighted-average capital balances. A summary of Hunt's capital account for the current year ended December 31 is as follows: Balance, January 1 Additional investment, July 1 Withdrawal, August 1 $280,000 80,000 30,000 What amount of interest should be credited to Hunt's capital account for the current year? A. $28,000 B. $30,750 C. $36,000 D. $33,000
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