Capital balance that will be reported on year-end balance

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Reference no: EM13824272

Jon Winek started the year with a capital balance of $135,000. During the year, his share of partnership net income was $120,000 and he withdrew $22,500 from the partnership for personal use. He made an additional capital contribution of $37,500 during the year. The amount of Jon Winekâ€™s capital balance that will be reported on the year-end balance sheet will be

$120,000

$292,500

$225,000

$270,000

Reference no: EM13824272

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