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Calculate the capital balance for adrian

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Question - A partnership began its first year with the following capital balances:

Adrian, capital .........26,000

Brian, capital.......52,000

Charles, capital........117,000

David, capital.........156,000

Edgar contributes $49,000 into the partnership for a 25% interest. The four original partners share profits and losses equally. Using the bonus method, the capital balance for Adrian after Edgar joins the partnership is

13,250

39,250

12,750

26,000

51,000

Reference no: EM131813872

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