Business, 01.07.2019 12:10 champton79

Aand b are partners. a has $50,000 in his capital account and b has $75,000 at the beginning of the year. a receives a salary of $15,000 and b receives $12,000. each partner receives 5% of the beginning balance of their capital accounts. the remainder is split 45% to a and 55% to b. net income for the year was $125,000. what is the amount of each capital account at year-end?

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Aand b are partners. a has $50,000 in his capital account and b has $75,000 at the beginning of the...

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