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Xavier and Logan are partners who share profits 60% and 40%. Their capital balances were both $128,000 before Lisa was admitted to the partnership. Lisa
Xavier and Logan are partners who share profits 60% and 40%. Their capital balances were both $128,000 before Lisa was admitted to the partnership. Lisa contributed $169,000 in cash to the partnership for a 30% interest. Compute the capital balances of Xavier and Logan after Lisa is admitted to the partnership.
Xaviers capital balance | $enter a dollar amount | |
---|---|---|
Logans capital balance | $enter a dollar amount |
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