Paul and roger are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively. income summary has a credit balance of $50,000 after the second closing entry. what is roger's capital balance after closing income summary to the capital accounts?

a) $150,000

b) $110,000

c)$115,000

d) $155,000

A) $150,000

Explanation:

The computation of the roger's capital balance is shown below:

= Opening capital balance of Roger + profit of roger

where,

Profit of roger = Net income × (Roger share ÷ total share)

                       = $50,000 × (2 ÷ 5)

                        = $20,000

And, the opening balance of Roger is $130,000

Now put these values to the above formula  

So, the value would equal to

= $130,000 + $20,000

= $150,000

answer; possession utility;

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