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Find what is smith weighted average capital balance

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Reference no: EM132750186

Smith is a partner in the Smith and Jones Partnership. Smith has the following activity related to his capital account for 2020:

1/1/20 balance: $300,000
4/1/20: Invested $100,000
11/1/20: Withdrew $240,000
12/31/20: Ending balance $160,000

Problem 1: What is Smith's weighted average capital balance?

Reference no: EM132750186

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