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How much should be debited or credited to Ken Capital

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Question - Barb, Ken, and Gary have partnership capital account balances of $150,000, $300,000, and $70,000, respectively. The income­sharing ratio is Barb, 50%; Ken, 40%, and Gary, 10%. Barb desires to withdraw from the partnership and it is agreed that partnership assets of $130,000 will be used to pay Barb for her partnership interest. How much should be debited or credited to Ken's Capital in relation to the withdrawal of Barb?

Reference no: EM132937389

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