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What amount of interest should be credited to sala capital

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Reference no: EM132773199

The partnership agreement of Niza and Sala provides the interest at 10% per year is to be credited to each partner on the basis of weighted average capital balances. A summary of Sala's capital account for the year ended December 31, 2020 follows:

Balance, Jan 1 420,000
Additional investment, July 1 120,000
Withdrawal, August 1 (45,000)
Balance, December 31 495,000

Problem 1: What amount of interest should be credited to Sala's capital account for 2020

a 45750
b 46125
c 49500
d 51750

Reference no: EM132773199

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