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How mark should receive a debit to her capital account of

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Problem 1: NCT partnership had net income of $10,000 for the month ended November 31, 2020. Lucas purchased an interest in the NCT partnership of Mark and Johnny by paying Mark $34,000 for half of her capital and half of her 50% percent profit sharing interest on December 1, 2020. On December 1, 2020, Mark capital balance was $28,000 and Johnny capital balance was $56,000. Mark should receive a debit to her capital account of:

a. 28,000

b. 14,000

c. 12,000

d. 16,500

Reference no: EM132796096

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