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Tomas and Saturn are partners who share income in the ratio of 3:1 (3/4 to Tomas and 1/4 to Satum). Their capital balances are $81,300
Tomas and Saturn are partners who share income in the ratio of 3:1 (3/4 to Tomas and 1/4 to Satum). Their capital balances are $81,300 and $123,600, respectively. The partnership generated net income of $46,500. What is Tomas's capital balance after closing the revenue and expense accounts to the capital accounts? Ca. $111,723 Ob. $121.215 Oc. $131,008 Od. $116,175
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