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Determine the average capital balance of Yena

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Question - Dayeon and Yena formed a partnership on January 1, 2019 with Dayeon contributing 16,000 while Yena contributing equipment with a book value of 6,400 and a fair value of 4,800 and inventory items with a book value of 2,400 and fair value of 3,200. During 2019, Yena made additional investments of 1,600 on April 17 and another 1,600 on June 15, and on September 30, he withdrew out of his capital balance of 4,000. Dayeon had no additional investments or withdrawals during the year. Determine the average capital balance of Yena?

Reference no: EM133053892

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