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Find the balances of Lisa and Jennifer Capital accounts

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Question - Amy, Lisa, and Jennifer have partnership capital account balances of $150500, $299600 and $70900, respectively. The profit-sharing ratio is Amy, 50%; Lisa, 40%; and Jennifer, 10%. Amy wishes to withdraw from the partnership and it is agreed that partnership assets of $120200 will be used to pay Amy for her partnership interest. Find the balances of Lisa's and Jennifer's Capital accounts after Amy's withdrawal?

Reference no: EM132610187

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